SLNA (SLNA) Correlation Distribution
Across 6,300 rolling correlation observations between SLNA (SLNA) and other NASDAQ-listed stocks, 56.7% are positive and 43.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,300
- Mean correlation
- 0.088
- Most common range
- 0.3 to 0.4
- Positive pairs
- 56.7%
- Strong positive (≥0.7)
- 2.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.3% | |
| -0.7 to -0.6 | 130 | 2.1% | |
| -0.6 to -0.5 | 130 | 2.1% | |
| -0.5 to -0.4 | 596 | 9.5% | |
| -0.4 to -0.3 | 596 | 9.5% | |
| -0.3 to -0.2 | 440 | 7.0% | |
| -0.2 to -0.1 | 439 | 7.0% | |
| -0.1 to 0.0 | 359 | 5.7% | |
| 0.0 to 0.1 | 359 | 5.7% | |
| 0.1 to 0.2 | 402 | 6.4% | |
| 0.2 to 0.3 | 401 | 6.4% | |
| 0.3 to 0.4 | 618 | 9.8% | |
| 0.4 to 0.5 | 618 | 9.8% | |
| 0.5 to 0.6 | 514 | 8.2% | |
| 0.6 to 0.7 | 513 | 8.1% | |
| 0.7 to 0.8 | 61 | 1.0% | |
| 0.8 to 0.9 | 60 | 1.0% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of SLNA?
SLNA (SLNA) has an average correlation of about 0.088 with other NASDAQ stocks, based on 6,300 pairwise observations.
Is SLNA positively correlated with other stocks?
Mostly yes — 56.7% of pairs are positive and 43.3% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for SLNA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for SLNA.
Open interactive dashboard →