SEACOR Marine Holdings Inc. Common Stock (SMHI) Correlation Distribution
Across 6,809 rolling correlation observations between SEACOR Marine Holdings Inc. Common Stock (SMHI) and other NASDAQ-listed stocks, 34.6% are positive and 65.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.183, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,809
- Mean correlation
- -0.183
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.6%
- Strong positive (≥0.7)
- 5.1%
- Sector
- Deep Sea Foreign Transportation Of Freight
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 394 | 5.8% | |
| -0.8 to -0.7 | 393 | 5.8% | |
| -0.7 to -0.6 | 860 | 12.6% | |
| -0.6 to -0.5 | 859 | 12.6% | |
| -0.5 to -0.4 | 508 | 7.5% | |
| -0.4 to -0.3 | 508 | 7.5% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 308 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 292 | 4.3% | |
| 0.4 to 0.5 | 292 | 4.3% | |
| 0.5 to 0.6 | 264 | 3.9% | |
| 0.6 to 0.7 | 264 | 3.9% | |
| 0.7 to 0.8 | 169 | 2.5% | |
| 0.8 to 0.9 | 169 | 2.5% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of SMHI?
SEACOR Marine Holdings Inc. Common Stock (SMHI) has an average correlation of about -0.183 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SMHI positively correlated with other stocks?
Not predominantly — 34.6% of pairs are positive and 65.4% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for SMHI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for SMHI.
Open interactive dashboard →