Spirit Aerosystems Holdings, Inc. (SPR) Correlation Distribution
Across 6,809 rolling correlation observations between Spirit Aerosystems Holdings, Inc. (SPR) and other NASDAQ-listed stocks, 79.6% are positive and 20.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.308
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.6%
- Strong positive (≥0.7)
- 8.5%
- Sector
- Aircraft Parts & Auxiliary Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 64 | 0.9% | |
| -0.6 to -0.5 | 63 | 0.9% | |
| -0.5 to -0.4 | 118 | 1.7% | |
| -0.4 to -0.3 | 117 | 1.7% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 447 | 6.6% | |
| 0.0 to 0.1 | 447 | 6.6% | |
| 0.1 to 0.2 | 488 | 7.2% | |
| 0.2 to 0.3 | 488 | 7.2% | |
| 0.3 to 0.4 | 766 | 11.2% | |
| 0.4 to 0.5 | 766 | 11.2% | |
| 0.5 to 0.6 | 942 | 13.8% | |
| 0.6 to 0.7 | 942 | 13.8% | |
| 0.7 to 0.8 | 289 | 4.2% | |
| 0.8 to 0.9 | 288 | 4.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SPR?
Spirit Aerosystems Holdings, Inc. (SPR) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPR positively correlated with other stocks?
Mostly yes — 79.6% of pairs are positive and 20.4% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for SPR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.7% of all pairs.
Explore the full interactive correlation distribution for SPR.
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