Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS) Correlation Distribution
Across 6,809 rolling correlation observations between Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS) and other NASDAQ-listed stocks, 64.2% are positive and 35.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.2, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.6% and strong negative correlations (≤−0.7) for 11.1%.
- Total observations
- 6,809
- Mean correlation
- 0.2
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.2%
- Strong positive (≥0.7)
- 29.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 373 | 5.5% | |
| -0.8 to -0.7 | 373 | 5.5% | |
| -0.7 to -0.6 | 328 | 4.8% | |
| -0.6 to -0.5 | 328 | 4.8% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 199 | 2.9% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 313 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 530 | 7.8% | |
| 0.6 to 0.7 | 530 | 7.8% | |
| 0.7 to 0.8 | 975 | 14.3% | |
| 0.8 to 0.9 | 975 | 14.3% | |
| 0.9 to 1.0 | 65 | 1.0% |
Frequently asked questions
What is the average correlation of SQNS?
Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS) has an average correlation of about 0.2 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SQNS positively correlated with other stocks?
Mostly yes — 64.2% of pairs are positive and 35.8% are negative. Strong positive correlations (≥0.7) make up 29.6%.
What is the most common correlation range for SQNS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for SQNS.
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