Silence Therapeutics Plc American Depository Share (SLN) Correlation Distribution
Across 6,804 rolling correlation observations between Silence Therapeutics Plc American Depository Share (SLN) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.2% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,804
- Mean correlation
- 0.232
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 5.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 85 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 266 | 3.9% | |
| -0.3 to -0.2 | 422 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 409 | 6.0% | |
| 0.0 to 0.1 | 409 | 6.0% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 720 | 10.6% | |
| 0.4 to 0.5 | 719 | 10.6% | |
| 0.5 to 0.6 | 873 | 12.8% | |
| 0.6 to 0.7 | 872 | 12.8% | |
| 0.7 to 0.8 | 175 | 2.6% | |
| 0.8 to 0.9 | 174 | 2.6% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of SLN?
Silence Therapeutics Plc American Depository Share (SLN) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SLN positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 5.2%.
What is the most common correlation range for SLN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.3% of all pairs.
Explore the full interactive correlation distribution for SLN.
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