Simulations Plus, Inc. (SLP) Correlation Distribution
Across 6,809 rolling correlation observations between Simulations Plus, Inc. (SLP) and other NASDAQ-listed stocks, 60.7% are positive and 39.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.106, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,809
- Mean correlation
- 0.106
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60.7%
- Strong positive (≥0.7)
- 8.5%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 180 | 2.6% | |
| -0.8 to -0.7 | 179 | 2.6% | |
| -0.7 to -0.6 | 429 | 6.3% | |
| -0.6 to -0.5 | 428 | 6.3% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 326 | 4.8% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 279 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 407 | 6.0% | |
| 0.2 to 0.3 | 407 | 6.0% | |
| 0.3 to 0.4 | 528 | 7.8% | |
| 0.4 to 0.5 | 528 | 7.8% | |
| 0.5 to 0.6 | 704 | 10.3% | |
| 0.6 to 0.7 | 703 | 10.3% | |
| 0.7 to 0.8 | 290 | 4.3% | |
| 0.8 to 0.9 | 289 | 4.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SLP?
Simulations Plus, Inc. (SLP) has an average correlation of about 0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SLP positively correlated with other stocks?
Mostly yes — 60.7% of pairs are positive and 39.3% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for SLP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27.9% of all pairs.
Explore the full interactive correlation distribution for SLP.
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