Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) Correlation Distribution
Across 6,782 rolling correlation observations between Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.1% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,782
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 31.1%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 161 | 2.4% | |
| -0.5 to -0.4 | 281 | 4.1% | |
| -0.4 to -0.3 | 280 | 4.1% | |
| -0.3 to -0.2 | 342 | 5.0% | |
| -0.2 to -0.1 | 342 | 5.0% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 289 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.3% | |
| 0.3 to 0.4 | 361 | 5.3% | |
| 0.4 to 0.5 | 360 | 5.3% | |
| 0.5 to 0.6 | 564 | 8.3% | |
| 0.6 to 0.7 | 563 | 8.3% | |
| 0.7 to 0.8 | 977 | 14.4% | |
| 0.8 to 0.9 | 976 | 14.4% | |
| 0.9 to 1.0 | 159 | 2.3% |
Frequently asked questions
What is the average correlation of SLNHP?
Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock (SLNHP) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,782 pairwise observations.
Is SLNHP positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 31.1%.
What is the most common correlation range for SLNHP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for SLNHP.
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