SpartanNash Company (SPTN) Correlation Distribution
Across 6,809 rolling correlation observations between SpartanNash Company (SPTN) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- -0.042
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Wholesale-Groceries, General Line
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 581 | 8.5% | |
| -0.4 to -0.3 | 581 | 8.5% | |
| -0.3 to -0.2 | 752 | 11.0% | |
| -0.2 to -0.1 | 751 | 11.0% | |
| -0.1 to 0.0 | 552 | 8.1% | |
| 0.0 to 0.1 | 551 | 8.1% | |
| 0.1 to 0.2 | 444 | 6.5% | |
| 0.2 to 0.3 | 444 | 6.5% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 252 | 3.7% | |
| 0.6 to 0.7 | 251 | 3.7% | |
| 0.7 to 0.8 | 121 | 1.8% | |
| 0.8 to 0.9 | 121 | 1.8% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of SPTN?
SpartanNash Company (SPTN) has an average correlation of about -0.042 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPTN positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for SPTN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 51.3% of all pairs.
Explore the full interactive correlation distribution for SPTN.
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