SPX Technologies, Inc. (SPXC) Correlation Distribution
Across 6,809 rolling correlation observations between SPX Technologies, Inc. (SPXC) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.083, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 9%.
- Total observations
- 6,809
- Mean correlation
- -0.083
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Metalworkg Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 302 | 4.4% | |
| -0.8 to -0.7 | 301 | 4.4% | |
| -0.7 to -0.6 | 797 | 11.7% | |
| -0.6 to -0.5 | 796 | 11.7% | |
| -0.5 to -0.4 | 612 | 9.0% | |
| -0.4 to -0.3 | 611 | 9.0% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 275 | 4.0% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 182 | 2.7% | |
| 0.2 to 0.3 | 181 | 2.7% | |
| 0.3 to 0.4 | 206 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 385 | 5.7% | |
| 0.8 to 0.9 | 384 | 5.6% | |
| 0.9 to 1.0 | 354 | 5.2% |
Frequently asked questions
What is the average correlation of SPXC?
SPX Technologies, Inc. (SPXC) has an average correlation of about -0.083 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SPXC positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for SPXC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for SPXC.
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