Sanofi American Depositary Shares (Each representing one-half of one ordinary share) (SNY) Correlation Distribution
Across 6,809 rolling correlation observations between Sanofi American Depositary Shares (Each representing one-half of one ordinary share) (SNY) and other NASDAQ-listed stocks, 58% are positive and 42% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.034
- Most common range
- -0.1 to 0.0
- Positive pairs
- 58%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 19 | 0.3% | |
| -0.6 to -0.5 | 18 | 0.3% | |
| -0.5 to -0.4 | 78 | 1.1% | |
| -0.4 to -0.3 | 78 | 1.1% | |
| -0.3 to -0.2 | 541 | 7.9% | |
| -0.2 to -0.1 | 541 | 7.9% | |
| -0.1 to 0.0 | 1,581 | 23.2% | |
| 0.0 to 0.1 | 1,580 | 23.2% | |
| 0.1 to 0.2 | 1,035 | 15.2% | |
| 0.2 to 0.3 | 1,034 | 15.2% | |
| 0.3 to 0.4 | 144 | 2.1% | |
| 0.4 to 0.5 | 143 | 2.1% | |
| 0.5 to 0.6 | 7 | 0.1% | |
| 0.6 to 0.7 | 6 | 0.1% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SNY?
Sanofi American Depositary Shares (Each representing one-half of one ordinary share) (SNY) has an average correlation of about 0.034 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SNY positively correlated with other stocks?
Mostly yes — 58% of pairs are positive and 42% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for SNY?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 92.7% of all pairs.
Explore the full interactive correlation distribution for SNY.
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