Smith Micro Software Inc (SMSI) Correlation Distribution
Across 6,809 rolling correlation observations between Smith Micro Software Inc (SMSI) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.277, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 39.9% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,809
- Mean correlation
- 0.277
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 39.9%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 32 | 0.5% | |
| -0.9 to -0.8 | 329 | 4.8% | |
| -0.8 to -0.7 | 328 | 4.8% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 195 | 2.9% | |
| -0.4 to -0.3 | 194 | 2.8% | |
| -0.3 to -0.2 | 186 | 2.7% | |
| -0.2 to -0.1 | 186 | 2.7% | |
| -0.1 to 0.0 | 189 | 2.8% | |
| 0.0 to 0.1 | 189 | 2.8% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 249 | 3.7% | |
| 0.4 to 0.5 | 249 | 3.7% | |
| 0.5 to 0.6 | 405 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 1,086 | 15.9% | |
| 0.8 to 0.9 | 1,085 | 15.9% | |
| 0.9 to 1.0 | 545 | 8.0% |
Frequently asked questions
What is the average correlation of SMSI?
Smith Micro Software Inc (SMSI) has an average correlation of about 0.277 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SMSI positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 39.9%.
What is the most common correlation range for SMSI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for SMSI.
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