SiriusPoint Ltd. (SPNT) Correlation Distribution
Across 6,806 rolling correlation observations between SiriusPoint Ltd. (SPNT) and other NASDAQ-listed stocks, 44.3% are positive and 55.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.002, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,806
- Mean correlation
- 0.002
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.3%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 213 | 3.1% | |
| -0.8 to -0.7 | 213 | 3.1% | |
| -0.7 to -0.6 | 366 | 5.4% | |
| -0.6 to -0.5 | 366 | 5.4% | |
| -0.5 to -0.4 | 487 | 7.2% | |
| -0.4 to -0.3 | 487 | 7.2% | |
| -0.3 to -0.2 | 629 | 9.2% | |
| -0.2 to -0.1 | 629 | 9.2% | |
| -0.1 to 0.0 | 388 | 5.7% | |
| 0.0 to 0.1 | 388 | 5.7% | |
| 0.1 to 0.2 | 271 | 4.0% | |
| 0.2 to 0.3 | 270 | 4.0% | |
| 0.3 to 0.4 | 282 | 4.1% | |
| 0.4 to 0.5 | 281 | 4.1% | |
| 0.5 to 0.6 | 311 | 4.6% | |
| 0.6 to 0.7 | 310 | 4.6% | |
| 0.7 to 0.8 | 393 | 5.8% | |
| 0.8 to 0.9 | 392 | 5.8% | |
| 0.9 to 1.0 | 119 | 1.7% |
Frequently asked questions
What is the average correlation of SPNT?
SiriusPoint Ltd. (SPNT) has an average correlation of about 0.002 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SPNT positively correlated with other stocks?
Not predominantly — 44.3% of pairs are positive and 55.7% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for SPNT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 37.8% of all pairs.
Explore the full interactive correlation distribution for SPNT.
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