Block, Inc. (SQ) Correlation Distribution
Across 6,800 rolling correlation observations between Block, Inc. (SQ) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.5% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,800
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 36.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 244 | 3.6% | |
| -0.6 to -0.5 | 244 | 3.6% | |
| -0.5 to -0.4 | 293 | 4.3% | |
| -0.4 to -0.3 | 293 | 4.3% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 296 | 4.4% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 259 | 3.8% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 317 | 4.7% | |
| 0.5 to 0.6 | 452 | 6.6% | |
| 0.6 to 0.7 | 452 | 6.6% | |
| 0.7 to 0.8 | 896 | 13.2% | |
| 0.8 to 0.9 | 896 | 13.2% | |
| 0.9 to 1.0 | 690 | 10.1% |
Frequently asked questions
What is the average correlation of SQ?
Block, Inc. (SQ) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is SQ positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 36.5%.
What is the most common correlation range for SQ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for SQ.
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