Spok Holdings, Inc (SPOK) Correlation Distribution
Across 6,809 rolling correlation observations between Spok Holdings, Inc (SPOK) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.094, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,809
- Mean correlation
- -0.094
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 10.5%
- Sector
- Radiotelephone Communications
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 261 | 3.8% | |
| -0.8 to -0.7 | 260 | 3.8% | |
| -0.7 to -0.6 | 534 | 7.8% | |
| -0.6 to -0.5 | 533 | 7.8% | |
| -0.5 to -0.4 | 755 | 11.1% | |
| -0.4 to -0.3 | 754 | 11.1% | |
| -0.3 to -0.2 | 443 | 6.5% | |
| -0.2 to -0.1 | 442 | 6.5% | |
| -0.1 to 0.0 | 265 | 3.9% | |
| 0.0 to 0.1 | 264 | 3.9% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 249 | 3.7% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 288 | 4.2% | |
| 0.6 to 0.7 | 287 | 4.2% | |
| 0.7 to 0.8 | 336 | 4.9% | |
| 0.8 to 0.9 | 335 | 4.9% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of SPOK?
Spok Holdings, Inc (SPOK) has an average correlation of about -0.094 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPOK positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for SPOK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for SPOK.
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