SLNAW (SLNAW) Correlation Distribution
Across 5,704 rolling correlation observations between SLNAW (SLNAW) and other NASDAQ-listed stocks, 56.1% are positive and 43.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.11, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.4% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 5,704
- Mean correlation
- 0.11
- Most common range
- 0.7 to 0.8
- Positive pairs
- 56.1%
- Strong positive (≥0.7)
- 22.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 238 | 4.2% | |
| -0.8 to -0.7 | 237 | 4.2% | |
| -0.7 to -0.6 | 402 | 7.0% | |
| -0.6 to -0.5 | 401 | 7.0% | |
| -0.5 to -0.4 | 277 | 4.9% | |
| -0.4 to -0.3 | 277 | 4.9% | |
| -0.3 to -0.2 | 229 | 4.0% | |
| -0.2 to -0.1 | 228 | 4.0% | |
| -0.1 to 0.0 | 213 | 3.7% | |
| 0.0 to 0.1 | 212 | 3.7% | |
| 0.1 to 0.2 | 197 | 3.5% | |
| 0.2 to 0.3 | 197 | 3.5% | |
| 0.3 to 0.4 | 265 | 4.6% | |
| 0.4 to 0.5 | 265 | 4.6% | |
| 0.5 to 0.6 | 394 | 6.9% | |
| 0.6 to 0.7 | 394 | 6.9% | |
| 0.7 to 0.8 | 584 | 10.2% | |
| 0.8 to 0.9 | 583 | 10.2% | |
| 0.9 to 1.0 | 110 | 1.9% |
Frequently asked questions
What is the average correlation of SLNAW?
SLNAW (SLNAW) has an average correlation of about 0.11 with other NASDAQ stocks, based on 5,704 pairwise observations.
Is SLNAW positively correlated with other stocks?
Mostly yes — 56.1% of pairs are positive and 43.9% are negative. Strong positive correlations (≥0.7) make up 22.4%.
What is the most common correlation range for SLNAW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for SLNAW.
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