Snowflake Inc. (SNOW) Correlation Distribution
Across 6,808 rolling correlation observations between Snowflake Inc. (SNOW) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.6% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,808
- Mean correlation
- 0.268
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 21.6%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 203 | 3.0% | |
| -0.6 to -0.5 | 202 | 3.0% | |
| -0.5 to -0.4 | 339 | 5.0% | |
| -0.4 to -0.3 | 339 | 5.0% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 347 | 5.1% | |
| 0.0 to 0.1 | 346 | 5.1% | |
| 0.1 to 0.2 | 307 | 4.5% | |
| 0.2 to 0.3 | 307 | 4.5% | |
| 0.3 to 0.4 | 378 | 5.6% | |
| 0.4 to 0.5 | 377 | 5.5% | |
| 0.5 to 0.6 | 755 | 11.1% | |
| 0.6 to 0.7 | 754 | 11.1% | |
| 0.7 to 0.8 | 726 | 10.7% | |
| 0.8 to 0.9 | 726 | 10.7% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of SNOW?
Snowflake Inc. (SNOW) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SNOW positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 21.6%.
What is the most common correlation range for SNOW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.4% of all pairs.
Explore the full interactive correlation distribution for SNOW.
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