Sociedad Quimica y Minera de Chile SA (SQM) Correlation Distribution
Across 6,809 rolling correlation observations between Sociedad Quimica y Minera de Chile SA (SQM) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.035, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 3.5%.
- Total observations
- 6,809
- Mean correlation
- -0.035
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 108 | 1.6% | |
| -0.7 to -0.6 | 282 | 4.1% | |
| -0.6 to -0.5 | 281 | 4.1% | |
| -0.5 to -0.4 | 499 | 7.3% | |
| -0.4 to -0.3 | 499 | 7.3% | |
| -0.3 to -0.2 | 732 | 10.8% | |
| -0.2 to -0.1 | 732 | 10.8% | |
| -0.1 to 0.0 | 601 | 8.8% | |
| 0.0 to 0.1 | 600 | 8.8% | |
| 0.1 to 0.2 | 454 | 6.7% | |
| 0.2 to 0.3 | 454 | 6.7% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 222 | 3.3% | |
| 0.6 to 0.7 | 221 | 3.2% | |
| 0.7 to 0.8 | 154 | 2.3% | |
| 0.8 to 0.9 | 153 | 2.2% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of SQM?
Sociedad Quimica y Minera de Chile SA (SQM) has an average correlation of about -0.035 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SQM positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for SQM?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.5% of all pairs.
Explore the full interactive correlation distribution for SQM.
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