Sun Country Airlines Holdings, Inc. Common Stock (SNCY) Correlation Distribution
Across 6,806 rolling correlation observations between Sun Country Airlines Holdings, Inc. Common Stock (SNCY) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.8% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,806
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 40.8%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 167 | 2.5% | |
| -0.7 to -0.6 | 310 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 190 | 2.8% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 450 | 6.6% | |
| 0.7 to 0.8 | 1,097 | 16.1% | |
| 0.8 to 0.9 | 1,097 | 16.1% | |
| 0.9 to 1.0 | 586 | 8.6% |
Frequently asked questions
What is the average correlation of SNCY?
Sun Country Airlines Holdings, Inc. Common Stock (SNCY) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SNCY positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 40.8%.
What is the most common correlation range for SNCY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for SNCY.
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