Sportradar Group AG Class A Ordinary Shares (SRAD) Correlation Distribution
Across 6,804 rolling correlation observations between Sportradar Group AG Class A Ordinary Shares (SRAD) and other NASDAQ-listed stocks, 73.2% are positive and 26.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.222, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,804
- Mean correlation
- 0.222
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.2%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 234 | 3.4% | |
| -0.3 to -0.2 | 334 | 4.9% | |
| -0.2 to -0.1 | 333 | 4.9% | |
| -0.1 to 0.0 | 472 | 6.9% | |
| 0.0 to 0.1 | 472 | 6.9% | |
| 0.1 to 0.2 | 659 | 9.7% | |
| 0.2 to 0.3 | 659 | 9.7% | |
| 0.3 to 0.4 | 805 | 11.8% | |
| 0.4 to 0.5 | 805 | 11.8% | |
| 0.5 to 0.6 | 523 | 7.7% | |
| 0.6 to 0.7 | 522 | 7.7% | |
| 0.7 to 0.8 | 263 | 3.9% | |
| 0.8 to 0.9 | 262 | 3.9% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of SRAD?
Sportradar Group AG Class A Ordinary Shares (SRAD) has an average correlation of about 0.222 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SRAD positively correlated with other stocks?
Mostly yes — 73.2% of pairs are positive and 26.8% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for SRAD?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 43% of all pairs.
Explore the full interactive correlation distribution for SRAD.
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