Smith-Midland Corporation Common Stock (SMID) Correlation Distribution
Across 6,808 rolling correlation observations between Smith-Midland Corporation Common Stock (SMID) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,808
- Mean correlation
- -0.064
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 7.2%
- Sector
- Concrete Products, Except Block & Brick
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 39 | 0.6% | |
| -0.7 to -0.6 | 653 | 9.6% | |
| -0.6 to -0.5 | 652 | 9.6% | |
| -0.5 to -0.4 | 750 | 11.0% | |
| -0.4 to -0.3 | 750 | 11.0% | |
| -0.3 to -0.2 | 450 | 6.6% | |
| -0.2 to -0.1 | 449 | 6.6% | |
| -0.1 to 0.0 | 332 | 4.9% | |
| 0.0 to 0.1 | 331 | 4.9% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 264 | 3.9% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 380 | 5.6% | |
| 0.6 to 0.7 | 379 | 5.6% | |
| 0.7 to 0.8 | 246 | 3.6% | |
| 0.8 to 0.9 | 246 | 3.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SMID?
Smith-Midland Corporation Common Stock (SMID) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SMID positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 7.2%.
What is the most common correlation range for SMID?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for SMID.
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