SoFi Technologies, Inc. Common Stock (SOFI) Correlation Distribution
Across 6,806 rolling correlation observations between SoFi Technologies, Inc. Common Stock (SOFI) and other NASDAQ-listed stocks, 77.4% are positive and 22.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,806
- Mean correlation
- 0.308
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.4%
- Strong positive (≥0.7)
- 14.5%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 107 | 1.6% | |
| -0.6 to -0.5 | 106 | 1.6% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 216 | 3.2% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 372 | 5.5% | |
| 0.0 to 0.1 | 371 | 5.5% | |
| 0.1 to 0.2 | 484 | 7.1% | |
| 0.2 to 0.3 | 483 | 7.1% | |
| 0.3 to 0.4 | 576 | 8.5% | |
| 0.4 to 0.5 | 575 | 8.4% | |
| 0.5 to 0.6 | 898 | 13.2% | |
| 0.6 to 0.7 | 898 | 13.2% | |
| 0.7 to 0.8 | 470 | 6.9% | |
| 0.8 to 0.9 | 470 | 6.9% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of SOFI?
SoFi Technologies, Inc. Common Stock (SOFI) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SOFI positively correlated with other stocks?
Mostly yes — 77.4% of pairs are positive and 22.6% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for SOFI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for SOFI.
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