Semler Scientific, Inc. (SMLR) Correlation Distribution
Across 6,801 rolling correlation observations between Semler Scientific, Inc. (SMLR) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.5% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,801
- Mean correlation
- 0.322
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 24.5%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 70 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 402 | 5.9% | |
| -0.2 to -0.1 | 401 | 5.9% | |
| -0.1 to 0.0 | 380 | 5.6% | |
| 0.0 to 0.1 | 380 | 5.6% | |
| 0.1 to 0.2 | 370 | 5.4% | |
| 0.2 to 0.3 | 369 | 5.4% | |
| 0.3 to 0.4 | 466 | 6.9% | |
| 0.4 to 0.5 | 465 | 6.8% | |
| 0.5 to 0.6 | 635 | 9.3% | |
| 0.6 to 0.7 | 635 | 9.3% | |
| 0.7 to 0.8 | 760 | 11.2% | |
| 0.8 to 0.9 | 759 | 11.2% | |
| 0.9 to 1.0 | 144 | 2.1% |
Frequently asked questions
What is the average correlation of SMLR?
Semler Scientific, Inc. (SMLR) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is SMLR positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 24.5%.
What is the most common correlation range for SMLR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 33.8% of all pairs.
Explore the full interactive correlation distribution for SMLR.
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