Spectrum Brands Holdings, Inc. (SPB) Correlation Distribution
Across 6,809 rolling correlation observations between Spectrum Brands Holdings, Inc. (SPB) and other NASDAQ-listed stocks, 79.1% are positive and 20.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.219, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.219
- Most common range
- 0.1 to 0.2
- Positive pairs
- 79.1%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 46 | 0.7% | |
| -0.6 to -0.5 | 46 | 0.7% | |
| -0.5 to -0.4 | 102 | 1.5% | |
| -0.4 to -0.3 | 102 | 1.5% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 567 | 8.3% | |
| 0.0 to 0.1 | 566 | 8.3% | |
| 0.1 to 0.2 | 1,006 | 14.8% | |
| 0.2 to 0.3 | 1,006 | 14.8% | |
| 0.3 to 0.4 | 902 | 13.2% | |
| 0.4 to 0.5 | 902 | 13.2% | |
| 0.5 to 0.6 | 428 | 6.3% | |
| 0.6 to 0.7 | 428 | 6.3% | |
| 0.7 to 0.8 | 73 | 1.1% | |
| 0.8 to 0.9 | 73 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SPB?
Spectrum Brands Holdings, Inc. (SPB) has an average correlation of about 0.219 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPB positively correlated with other stocks?
Mostly yes — 79.1% of pairs are positive and 20.9% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for SPB?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54.1% of all pairs.
Explore the full interactive correlation distribution for SPB.
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