Spotify Technology S.A. (SPOT) Correlation Distribution
Across 6,809 rolling correlation observations between Spotify Technology S.A. (SPOT) and other NASDAQ-listed stocks, 52.7% are positive and 47.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- 0.068
- Most common range
- -0.1 to 0.0
- Positive pairs
- 52.7%
- Strong positive (≥0.7)
- 10.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 93 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 255 | 3.7% | |
| -0.6 to -0.5 | 255 | 3.7% | |
| -0.5 to -0.4 | 376 | 5.5% | |
| -0.4 to -0.3 | 376 | 5.5% | |
| -0.3 to -0.2 | 536 | 7.9% | |
| -0.2 to -0.1 | 535 | 7.9% | |
| -0.1 to 0.0 | 700 | 10.3% | |
| 0.0 to 0.1 | 699 | 10.3% | |
| 0.1 to 0.2 | 384 | 5.6% | |
| 0.2 to 0.3 | 384 | 5.6% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 360 | 5.3% | |
| 0.6 to 0.7 | 360 | 5.3% | |
| 0.7 to 0.8 | 308 | 4.5% | |
| 0.8 to 0.9 | 307 | 4.5% | |
| 0.9 to 1.0 | 75 | 1.1% |
Frequently asked questions
What is the average correlation of SPOT?
Spotify Technology S.A. (SPOT) has an average correlation of about 0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPOT positively correlated with other stocks?
Mostly yes — 52.7% of pairs are positive and 47.3% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for SPOT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 47.6% of all pairs.
Explore the full interactive correlation distribution for SPOT.
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