STRYVE FOODS INC A (SNAX) Correlation Distribution
Across 6,803 rolling correlation observations between STRYVE FOODS INC A (SNAX) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.36, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.5% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,803
- Mean correlation
- 0.36
- Most common range
- 0.9 to 1.0
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 40.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 81 | 1.2% | |
| -0.8 to -0.7 | 80 | 1.2% | |
| -0.7 to -0.6 | 260 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 285 | 4.2% | |
| -0.4 to -0.3 | 284 | 4.2% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 216 | 3.2% | |
| 0.0 to 0.1 | 216 | 3.2% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 300 | 4.4% | |
| 0.4 to 0.5 | 300 | 4.4% | |
| 0.5 to 0.6 | 444 | 6.5% | |
| 0.6 to 0.7 | 444 | 6.5% | |
| 0.7 to 0.8 | 883 | 13.0% | |
| 0.8 to 0.9 | 883 | 13.0% | |
| 0.9 to 1.0 | 991 | 14.6% |
Frequently asked questions
What is the average correlation of SNAX?
STRYVE FOODS INC A (SNAX) has an average correlation of about 0.36 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is SNAX positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 40.5%.
What is the most common correlation range for SNAX?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for SNAX.
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