Semtech Corp (SMTC) Correlation Distribution
Across 6,809 rolling correlation observations between Semtech Corp (SMTC) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.2% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.295
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 23.2%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 184 | 2.7% | |
| -0.6 to -0.5 | 183 | 2.7% | |
| -0.5 to -0.4 | 330 | 4.8% | |
| -0.4 to -0.3 | 330 | 4.8% | |
| -0.3 to -0.2 | 289 | 4.2% | |
| -0.2 to -0.1 | 289 | 4.2% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 282 | 4.1% | |
| 0.3 to 0.4 | 392 | 5.8% | |
| 0.4 to 0.5 | 391 | 5.7% | |
| 0.5 to 0.6 | 830 | 12.2% | |
| 0.6 to 0.7 | 829 | 12.2% | |
| 0.7 to 0.8 | 767 | 11.3% | |
| 0.8 to 0.9 | 767 | 11.3% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of SMTC?
Semtech Corp (SMTC) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SMTC positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 23.2%.
What is the most common correlation range for SMTC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for SMTC.
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