StoneX Group Inc. Common Stock (SNEX) Correlation Distribution
Across 6,809 rolling correlation observations between StoneX Group Inc. Common Stock (SNEX) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.139, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,809
- Mean correlation
- -0.139
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Security & Commodity Brokers, Dealers, Exchanges & Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 456 | 6.7% | |
| -0.8 to -0.7 | 455 | 6.7% | |
| -0.7 to -0.6 | 919 | 13.5% | |
| -0.6 to -0.5 | 919 | 13.5% | |
| -0.5 to -0.4 | 408 | 6.0% | |
| -0.4 to -0.3 | 408 | 6.0% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 184 | 2.7% | |
| 0.2 to 0.3 | 183 | 2.7% | |
| 0.3 to 0.4 | 210 | 3.1% | |
| 0.4 to 0.5 | 210 | 3.1% | |
| 0.5 to 0.6 | 279 | 4.1% | |
| 0.6 to 0.7 | 279 | 4.1% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 137 | 2.0% |
Frequently asked questions
What is the average correlation of SNEX?
StoneX Group Inc. Common Stock (SNEX) has an average correlation of about -0.139 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SNEX positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for SNEX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for SNEX.
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