Suburban Propane Partners L P (SPH) Correlation Distribution
Across 6,809 rolling correlation observations between Suburban Propane Partners L P (SPH) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 7.5%
- Sector
- Retail-Miscellaneous Retail
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 94 | 1.4% | |
| -0.7 to -0.6 | 651 | 9.6% | |
| -0.6 to -0.5 | 651 | 9.6% | |
| -0.5 to -0.4 | 811 | 11.9% | |
| -0.4 to -0.3 | 810 | 11.9% | |
| -0.3 to -0.2 | 433 | 6.4% | |
| -0.2 to -0.1 | 433 | 6.4% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 293 | 4.3% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 365 | 5.4% | |
| 0.6 to 0.7 | 365 | 5.4% | |
| 0.7 to 0.8 | 254 | 3.7% | |
| 0.8 to 0.9 | 254 | 3.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SPH?
Suburban Propane Partners L P (SPH) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPH positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for SPH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for SPH.
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