Spire Global, Inc. (SPIR) Correlation Distribution
Across 6,804 rolling correlation observations between Spire Global, Inc. (SPIR) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.316, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25.3% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,804
- Mean correlation
- 0.316
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 25.3%
- Sector
- Communications Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 106 | 1.6% | |
| -0.6 to -0.5 | 105 | 1.5% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 373 | 5.5% | |
| -0.2 to -0.1 | 372 | 5.5% | |
| -0.1 to 0.0 | 322 | 4.7% | |
| 0.0 to 0.1 | 321 | 4.7% | |
| 0.1 to 0.2 | 357 | 5.2% | |
| 0.2 to 0.3 | 357 | 5.2% | |
| 0.3 to 0.4 | 437 | 6.4% | |
| 0.4 to 0.5 | 437 | 6.4% | |
| 0.5 to 0.6 | 659 | 9.7% | |
| 0.6 to 0.7 | 658 | 9.7% | |
| 0.7 to 0.8 | 807 | 11.9% | |
| 0.8 to 0.9 | 806 | 11.8% | |
| 0.9 to 1.0 | 107 | 1.6% |
Frequently asked questions
What is the average correlation of SPIR?
Spire Global, Inc. (SPIR) has an average correlation of about 0.316 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SPIR positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 25.3%.
What is the most common correlation range for SPIR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 30.9% of all pairs.
Explore the full interactive correlation distribution for SPIR.
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