Soleno Therapeutics, Inc. Common Stock (SLNO) Correlation Distribution
Across 6,809 rolling correlation observations between Soleno Therapeutics, Inc. Common Stock (SLNO) and other NASDAQ-listed stocks, 42.8% are positive and 57.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.028
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.8%
- Strong positive (≥0.7)
- 8%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 184 | 2.7% | |
| -0.7 to -0.6 | 359 | 5.3% | |
| -0.6 to -0.5 | 359 | 5.3% | |
| -0.5 to -0.4 | 518 | 7.6% | |
| -0.4 to -0.3 | 517 | 7.6% | |
| -0.3 to -0.2 | 653 | 9.6% | |
| -0.2 to -0.1 | 652 | 9.6% | |
| -0.1 to 0.0 | 453 | 6.7% | |
| 0.0 to 0.1 | 453 | 6.7% | |
| 0.1 to 0.2 | 310 | 4.6% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 344 | 5.1% | |
| 0.6 to 0.7 | 343 | 5.0% | |
| 0.7 to 0.8 | 259 | 3.8% | |
| 0.8 to 0.9 | 258 | 3.8% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of SLNO?
Soleno Therapeutics, Inc. Common Stock (SLNO) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SLNO positively correlated with other stocks?
Not predominantly — 42.8% of pairs are positive and 57.2% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for SLNO?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 41.6% of all pairs.
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