Snap-on Incorporated (SNA) Correlation Distribution
Across 6,809 rolling correlation observations between Snap-on Incorporated (SNA) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.077, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.6% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,809
- Mean correlation
- -0.077
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 16.6%
- Sector
- Cutlery, Handtools & General Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 329 | 4.8% | |
| -0.8 to -0.7 | 328 | 4.8% | |
| -0.7 to -0.6 | 814 | 12.0% | |
| -0.6 to -0.5 | 813 | 11.9% | |
| -0.5 to -0.4 | 520 | 7.6% | |
| -0.4 to -0.3 | 519 | 7.6% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 212 | 3.1% | |
| 0.0 to 0.1 | 211 | 3.1% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 201 | 3.0% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 491 | 7.2% | |
| 0.8 to 0.9 | 490 | 7.2% | |
| 0.9 to 1.0 | 147 | 2.2% |
Frequently asked questions
What is the average correlation of SNA?
Snap-on Incorporated (SNA) has an average correlation of about -0.077 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SNA positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 16.6%.
What is the most common correlation range for SNA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for SNA.
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