Similarweb Ltd. (SMWB) Correlation Distribution
Across 6,806 rolling correlation observations between Similarweb Ltd. (SMWB) and other NASDAQ-listed stocks, 74.2% are positive and 25.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.365, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,806
- Mean correlation
- 0.365
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.2%
- Strong positive (≥0.7)
- 35.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 34 | 0.5% | |
| -0.7 to -0.6 | 145 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 255 | 3.7% | |
| -0.3 to -0.2 | 313 | 4.6% | |
| -0.2 to -0.1 | 313 | 4.6% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 369 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 545 | 8.0% | |
| 0.6 to 0.7 | 544 | 8.0% | |
| 0.7 to 0.8 | 973 | 14.3% | |
| 0.8 to 0.9 | 972 | 14.3% | |
| 0.9 to 1.0 | 447 | 6.6% |
Frequently asked questions
What is the average correlation of SMWB?
Similarweb Ltd. (SMWB) has an average correlation of about 0.365 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SMWB positively correlated with other stocks?
Mostly yes — 74.2% of pairs are positive and 25.8% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for SMWB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for SMWB.
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