Sono-Tek Corporation Common Stock (SOTK) Correlation Distribution
Across 6,800 rolling correlation observations between Sono-Tek Corporation Common Stock (SOTK) and other NASDAQ-listed stocks, 58.2% are positive and 41.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.041, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,800
- Mean correlation
- 0.041
- Most common range
- 0.1 to 0.2
- Positive pairs
- 58.2%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Special Industry Machinery, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 475 | 7.0% | |
| -0.6 to -0.5 | 475 | 7.0% | |
| -0.5 to -0.4 | 325 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 432 | 6.4% | |
| 0.0 to 0.1 | 432 | 6.4% | |
| 0.1 to 0.2 | 625 | 9.2% | |
| 0.2 to 0.3 | 624 | 9.2% | |
| 0.3 to 0.4 | 625 | 9.2% | |
| 0.4 to 0.5 | 624 | 9.2% | |
| 0.5 to 0.6 | 438 | 6.4% | |
| 0.6 to 0.7 | 437 | 6.4% | |
| 0.7 to 0.8 | 78 | 1.1% | |
| 0.8 to 0.9 | 78 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SOTK?
Sono-Tek Corporation Common Stock (SOTK) has an average correlation of about 0.041 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is SOTK positively correlated with other stocks?
Mostly yes — 58.2% of pairs are positive and 41.8% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for SOTK?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 39.8% of all pairs.
Explore the full interactive correlation distribution for SOTK.
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