SP (SP) Correlation Distribution
Across 6,650 rolling correlation observations between SP (SP) and other NASDAQ-listed stocks, 37% are positive and 63% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.102, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.1% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,650
- Mean correlation
- -0.102
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37%
- Strong positive (≥0.7)
- 13.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 221 | 3.3% | |
| -0.8 to -0.7 | 220 | 3.3% | |
| -0.7 to -0.6 | 810 | 12.2% | |
| -0.6 to -0.5 | 810 | 12.2% | |
| -0.5 to -0.4 | 613 | 9.2% | |
| -0.4 to -0.3 | 612 | 9.2% | |
| -0.3 to -0.2 | 329 | 4.9% | |
| -0.2 to -0.1 | 329 | 4.9% | |
| -0.1 to 0.0 | 241 | 3.6% | |
| 0.0 to 0.1 | 240 | 3.6% | |
| 0.1 to 0.2 | 206 | 3.1% | |
| 0.2 to 0.3 | 205 | 3.1% | |
| 0.3 to 0.4 | 217 | 3.3% | |
| 0.4 to 0.5 | 216 | 3.2% | |
| 0.5 to 0.6 | 253 | 3.8% | |
| 0.6 to 0.7 | 253 | 3.8% | |
| 0.7 to 0.8 | 387 | 5.8% | |
| 0.8 to 0.9 | 387 | 5.8% | |
| 0.9 to 1.0 | 97 | 1.5% |
Frequently asked questions
What is the average correlation of SP?
SP (SP) has an average correlation of about -0.102 with other NASDAQ stocks, based on 6,650 pairwise observations.
Is SP positively correlated with other stocks?
Not predominantly — 37% of pairs are positive and 63% are negative. Strong positive correlations (≥0.7) make up 13.1%.
What is the most common correlation range for SP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for SP.
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