SM Energy Company (SM) Correlation Distribution
Across 6,809 rolling correlation observations between SM Energy Company (SM) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 4.8%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 337 | 4.9% | |
| -0.8 to -0.7 | 337 | 4.9% | |
| -0.7 to -0.6 | 561 | 8.2% | |
| -0.6 to -0.5 | 560 | 8.2% | |
| -0.5 to -0.4 | 464 | 6.8% | |
| -0.4 to -0.3 | 464 | 6.8% | |
| -0.3 to -0.2 | 431 | 6.3% | |
| -0.2 to -0.1 | 430 | 6.3% | |
| -0.1 to 0.0 | 416 | 6.1% | |
| 0.0 to 0.1 | 416 | 6.1% | |
| 0.1 to 0.2 | 337 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 341 | 5.0% | |
| 0.5 to 0.6 | 354 | 5.2% | |
| 0.6 to 0.7 | 353 | 5.2% | |
| 0.7 to 0.8 | 149 | 2.2% | |
| 0.8 to 0.9 | 149 | 2.2% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of SM?
SM Energy Company (SM) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SM positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for SM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 34.7% of all pairs.
Explore the full interactive correlation distribution for SM.
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