Soluna Holdings, Inc. Common Stock (SLNH) Correlation Distribution
Across 6,796 rolling correlation observations between Soluna Holdings, Inc. Common Stock (SLNH) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,796
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 37.1%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 313 | 4.6% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 486 | 7.2% | |
| 0.6 to 0.7 | 485 | 7.1% | |
| 0.7 to 0.8 | 919 | 13.5% | |
| 0.8 to 0.9 | 919 | 13.5% | |
| 0.9 to 1.0 | 682 | 10.0% |
Frequently asked questions
What is the average correlation of SLNH?
Soluna Holdings, Inc. Common Stock (SLNH) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is SLNH positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for SLNH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for SLNH.
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