SPS Commerce, Inc. (SPSC) Correlation Distribution
Across 6,809 rolling correlation observations between SPS Commerce, Inc. (SPSC) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 8.1%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 10.5%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 275 | 4.0% | |
| -0.8 to -0.7 | 275 | 4.0% | |
| -0.7 to -0.6 | 802 | 11.8% | |
| -0.6 to -0.5 | 802 | 11.8% | |
| -0.5 to -0.4 | 518 | 7.6% | |
| -0.4 to -0.3 | 517 | 7.6% | |
| -0.3 to -0.2 | 332 | 4.9% | |
| -0.2 to -0.1 | 332 | 4.9% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 272 | 4.0% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 255 | 3.7% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 335 | 4.9% | |
| 0.6 to 0.7 | 334 | 4.9% | |
| 0.7 to 0.8 | 334 | 4.9% | |
| 0.8 to 0.9 | 333 | 4.9% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of SPSC?
SPS Commerce, Inc. (SPSC) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPSC positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for SPSC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for SPSC.
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