STEEL PARTNERS HLDGS LP (SPLP) Correlation Distribution
Across 6,708 rolling correlation observations between STEEL PARTNERS HLDGS LP (SPLP) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.111, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 16.4%.
- Total observations
- 6,708
- Mean correlation
- -0.111
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 5.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 158 | 2.4% | |
| -0.9 to -0.8 | 473 | 7.1% | |
| -0.8 to -0.7 | 472 | 7.0% | |
| -0.7 to -0.6 | 493 | 7.3% | |
| -0.6 to -0.5 | 493 | 7.3% | |
| -0.5 to -0.4 | 404 | 6.0% | |
| -0.4 to -0.3 | 403 | 6.0% | |
| -0.3 to -0.2 | 308 | 4.6% | |
| -0.2 to -0.1 | 308 | 4.6% | |
| -0.1 to 0.0 | 308 | 4.6% | |
| 0.0 to 0.1 | 308 | 4.6% | |
| 0.1 to 0.2 | 332 | 4.9% | |
| 0.2 to 0.3 | 332 | 4.9% | |
| 0.3 to 0.4 | 402 | 6.0% | |
| 0.4 to 0.5 | 401 | 6.0% | |
| 0.5 to 0.6 | 364 | 5.4% | |
| 0.6 to 0.7 | 364 | 5.4% | |
| 0.7 to 0.8 | 180 | 2.7% | |
| 0.8 to 0.9 | 180 | 2.7% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of SPLP?
STEEL PARTNERS HLDGS LP (SPLP) has an average correlation of about -0.111 with other NASDAQ stocks, based on 6,708 pairwise observations.
Is SPLP positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for SPLP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.3% of all pairs.
Explore the full interactive correlation distribution for SPLP.
Open interactive dashboard →