SPGC (SPGC) Correlation Distribution
Across 5,829 rolling correlation observations between SPGC (SPGC) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,829
- Mean correlation
- -0.003
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.1% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 7 | 0.1% | |
| -0.6 to -0.5 | 7 | 0.1% | |
| -0.5 to -0.4 | 253 | 4.3% | |
| -0.4 to -0.3 | 253 | 4.3% | |
| -0.3 to -0.2 | 1,112 | 19.1% | |
| -0.2 to -0.1 | 1,111 | 19.1% | |
| -0.1 to 0.0 | 502 | 8.6% | |
| 0.0 to 0.1 | 501 | 8.6% | |
| 0.1 to 0.2 | 505 | 8.7% | |
| 0.2 to 0.3 | 504 | 8.6% | |
| 0.3 to 0.4 | 502 | 8.6% | |
| 0.4 to 0.5 | 502 | 8.6% | |
| 0.5 to 0.6 | 29 | 0.5% | |
| 0.6 to 0.7 | 28 | 0.5% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 4 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SPGC?
SPGC (SPGC) has an average correlation of about -0.003 with other NASDAQ stocks, based on 5,829 pairwise observations.
Is SPGC positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for SPGC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 72.7% of all pairs.
Explore the full interactive correlation distribution for SPGC.
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