Spruce Power Holding Corporation (SPRU) Correlation Distribution
Across 6,387 rolling correlation observations between Spruce Power Holding Corporation (SPRU) and other NASDAQ-listed stocks, 52.9% are positive and 47.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.072, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 25.3% and strong negative correlations (≤−0.7) for 13.4%.
- Total observations
- 6,387
- Mean correlation
- 0.072
- Most common range
- 0.7 to 0.8
- Positive pairs
- 52.9%
- Strong positive (≥0.7)
- 25.3%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 426 | 6.7% | |
| -0.8 to -0.7 | 426 | 6.7% | |
| -0.7 to -0.6 | 426 | 6.7% | |
| -0.6 to -0.5 | 425 | 6.7% | |
| -0.5 to -0.4 | 293 | 4.6% | |
| -0.4 to -0.3 | 292 | 4.6% | |
| -0.3 to -0.2 | 256 | 4.0% | |
| -0.2 to -0.1 | 256 | 4.0% | |
| -0.1 to 0.0 | 205 | 3.2% | |
| 0.0 to 0.1 | 205 | 3.2% | |
| 0.1 to 0.2 | 211 | 3.3% | |
| 0.2 to 0.3 | 210 | 3.3% | |
| 0.3 to 0.4 | 247 | 3.9% | |
| 0.4 to 0.5 | 247 | 3.9% | |
| 0.5 to 0.6 | 323 | 5.1% | |
| 0.6 to 0.7 | 322 | 5.0% | |
| 0.7 to 0.8 | 698 | 10.9% | |
| 0.8 to 0.9 | 697 | 10.9% | |
| 0.9 to 1.0 | 220 | 3.4% |
Frequently asked questions
What is the average correlation of SPRU?
Spruce Power Holding Corporation (SPRU) has an average correlation of about 0.072 with other NASDAQ stocks, based on 6,387 pairwise observations.
Is SPRU positively correlated with other stocks?
Mostly yes — 52.9% of pairs are positive and 47.1% are negative. Strong positive correlations (≥0.7) make up 25.3%.
What is the most common correlation range for SPRU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for SPRU.
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