Super Micro Computer, Inc. Common Stock (SMCI) Correlation Distribution
Across 6,809 rolling correlation observations between Super Micro Computer, Inc. Common Stock (SMCI) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 7.5%
- Sector
- Electronic Computers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 112 | 1.6% | |
| -0.8 to -0.7 | 112 | 1.6% | |
| -0.7 to -0.6 | 803 | 11.8% | |
| -0.6 to -0.5 | 803 | 11.8% | |
| -0.5 to -0.4 | 802 | 11.8% | |
| -0.4 to -0.3 | 801 | 11.8% | |
| -0.3 to -0.2 | 342 | 5.0% | |
| -0.2 to -0.1 | 342 | 5.0% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 328 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 243 | 3.6% | |
| 0.8 to 0.9 | 242 | 3.6% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of SMCI?
Super Micro Computer, Inc. Common Stock (SMCI) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SMCI positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for SMCI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.8% of all pairs.
Explore the full interactive correlation distribution for SMCI.
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