SPLK (SPLK) Correlation Distribution
Across 6,569 rolling correlation observations between SPLK (SPLK) and other NASDAQ-listed stocks, 58.3% are positive and 41.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.073, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,569
- Mean correlation
- 0.073
- Most common range
- 0.3 to 0.4
- Positive pairs
- 58.3%
- Strong positive (≥0.7)
- 3.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 132 | 2.0% | |
| -0.8 to -0.7 | 131 | 2.0% | |
| -0.7 to -0.6 | 325 | 4.9% | |
| -0.6 to -0.5 | 324 | 4.9% | |
| -0.5 to -0.4 | 349 | 5.3% | |
| -0.4 to -0.3 | 348 | 5.3% | |
| -0.3 to -0.2 | 351 | 5.3% | |
| -0.2 to -0.1 | 350 | 5.3% | |
| -0.1 to 0.0 | 423 | 6.4% | |
| 0.0 to 0.1 | 423 | 6.4% | |
| 0.1 to 0.2 | 436 | 6.6% | |
| 0.2 to 0.3 | 435 | 6.6% | |
| 0.3 to 0.4 | 614 | 9.3% | |
| 0.4 to 0.5 | 614 | 9.3% | |
| 0.5 to 0.6 | 527 | 8.0% | |
| 0.6 to 0.7 | 526 | 8.0% | |
| 0.7 to 0.8 | 126 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of SPLK?
SPLK (SPLK) has an average correlation of about 0.073 with other NASDAQ stocks, based on 6,569 pairwise observations.
Is SPLK positively correlated with other stocks?
Mostly yes — 58.3% of pairs are positive and 41.7% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for SPLK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.8% of all pairs.
Explore the full interactive correlation distribution for SPLK.
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