Smith & Nephew plc (SNN) Correlation Distribution
Across 6,809 rolling correlation observations between Smith & Nephew plc (SNN) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.8% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.244
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 27.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 103 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 282 | 4.1% | |
| -0.5 to -0.4 | 309 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 314 | 4.6% | |
| 0.1 to 0.2 | 302 | 4.4% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 351 | 5.2% | |
| 0.5 to 0.6 | 500 | 7.3% | |
| 0.6 to 0.7 | 500 | 7.3% | |
| 0.7 to 0.8 | 904 | 13.3% | |
| 0.8 to 0.9 | 904 | 13.3% | |
| 0.9 to 1.0 | 87 | 1.3% |
Frequently asked questions
What is the average correlation of SNN?
Smith & Nephew plc (SNN) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SNN positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 27.8%.
What is the most common correlation range for SNN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for SNN.
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