Sundial Growers Inc. Common Shares (SNDL) Correlation Distribution
Across 6,809 rolling correlation observations between Sundial Growers Inc. Common Shares (SNDL) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 32%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 242 | 3.6% | |
| -0.6 to -0.5 | 241 | 3.5% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 328 | 4.8% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 301 | 4.4% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 267 | 3.9% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 570 | 8.4% | |
| 0.6 to 0.7 | 569 | 8.4% | |
| 0.7 to 0.8 | 964 | 14.2% | |
| 0.8 to 0.9 | 963 | 14.1% | |
| 0.9 to 1.0 | 252 | 3.7% |
Frequently asked questions
What is the average correlation of SNDL?
Sundial Growers Inc. Common Shares (SNDL) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SNDL positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 32%.
What is the most common correlation range for SNDL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for SNDL.
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