Sanara MedTech Inc. Common Stock (SMTI) Correlation Distribution
Across 6,807 rolling correlation observations between Sanara MedTech Inc. Common Stock (SMTI) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.044, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,807
- Mean correlation
- -0.044
- Most common range
- -0.1 to 0.0
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 76 | 1.1% | |
| -0.6 to -0.5 | 75 | 1.1% | |
| -0.5 to -0.4 | 343 | 5.0% | |
| -0.4 to -0.3 | 343 | 5.0% | |
| -0.3 to -0.2 | 965 | 14.2% | |
| -0.2 to -0.1 | 965 | 14.2% | |
| -0.1 to 0.0 | 1,265 | 18.6% | |
| 0.0 to 0.1 | 1,265 | 18.6% | |
| 0.1 to 0.2 | 457 | 6.7% | |
| 0.2 to 0.3 | 457 | 6.7% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 201 | 3.0% | |
| 0.5 to 0.6 | 86 | 1.3% | |
| 0.6 to 0.7 | 85 | 1.2% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 7 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SMTI?
Sanara MedTech Inc. Common Stock (SMTI) has an average correlation of about -0.044 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is SMTI positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for SMTI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 78.9% of all pairs.
Explore the full interactive correlation distribution for SMTI.
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