SmartRent, Inc. (SMRT) Correlation Distribution
Across 6,805 rolling correlation observations between SmartRent, Inc. (SMRT) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29.1% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,805
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 29.1%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 174 | 2.6% | |
| -0.6 to -0.5 | 173 | 2.5% | |
| -0.5 to -0.4 | 341 | 5.0% | |
| -0.4 to -0.3 | 341 | 5.0% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 312 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 380 | 5.6% | |
| 0.4 to 0.5 | 379 | 5.6% | |
| 0.5 to 0.6 | 617 | 9.1% | |
| 0.6 to 0.7 | 616 | 9.1% | |
| 0.7 to 0.8 | 792 | 11.6% | |
| 0.8 to 0.9 | 791 | 11.6% | |
| 0.9 to 1.0 | 398 | 5.8% |
Frequently asked questions
What is the average correlation of SMRT?
SmartRent, Inc. (SMRT) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is SMRT positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 29.1%.
What is the most common correlation range for SMRT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for SMRT.
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