SMLP (SMLP) Correlation Distribution
Across 6,735 rolling correlation observations between SMLP (SMLP) and other NASDAQ-listed stocks, 78.5% are positive and 21.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.24, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,735
- Mean correlation
- 0.24
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.5%
- Strong positive (≥0.7)
- 4.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 67 | 1.0% | |
| -0.6 to -0.5 | 67 | 1.0% | |
| -0.5 to -0.4 | 142 | 2.1% | |
| -0.4 to -0.3 | 142 | 2.1% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 268 | 4.0% | |
| -0.1 to 0.0 | 477 | 7.1% | |
| 0.0 to 0.1 | 476 | 7.1% | |
| 0.1 to 0.2 | 822 | 12.2% | |
| 0.2 to 0.3 | 822 | 12.2% | |
| 0.3 to 0.4 | 882 | 13.1% | |
| 0.4 to 0.5 | 882 | 13.1% | |
| 0.5 to 0.6 | 550 | 8.2% | |
| 0.6 to 0.7 | 549 | 8.2% | |
| 0.7 to 0.8 | 146 | 2.2% | |
| 0.8 to 0.9 | 146 | 2.2% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of SMLP?
SMLP (SMLP) has an average correlation of about 0.24 with other NASDAQ stocks, based on 6,735 pairwise observations.
Is SMLP positively correlated with other stocks?
Mostly yes — 78.5% of pairs are positive and 21.5% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for SMLP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.5% of all pairs.
Explore the full interactive correlation distribution for SMLP.
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