Surf Air Mobility Inc. (SRFM) Correlation Distribution
Across 5,896 rolling correlation observations between Surf Air Mobility Inc. (SRFM) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 5,896
- Mean correlation
- -0.031
- Most common range
- -0.7 to -0.6
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 13.9%
- Sector
- Air Transportation, Nonscheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 269 | 4.6% | |
| -0.8 to -0.7 | 268 | 4.5% | |
| -0.7 to -0.6 | 597 | 10.1% | |
| -0.6 to -0.5 | 596 | 10.1% | |
| -0.5 to -0.4 | 356 | 6.0% | |
| -0.4 to -0.3 | 355 | 6.0% | |
| -0.3 to -0.2 | 279 | 4.7% | |
| -0.2 to -0.1 | 278 | 4.7% | |
| -0.1 to 0.0 | 229 | 3.9% | |
| 0.0 to 0.1 | 229 | 3.9% | |
| 0.1 to 0.2 | 207 | 3.5% | |
| 0.2 to 0.3 | 207 | 3.5% | |
| 0.3 to 0.4 | 259 | 4.4% | |
| 0.4 to 0.5 | 258 | 4.4% | |
| 0.5 to 0.6 | 344 | 5.8% | |
| 0.6 to 0.7 | 344 | 5.8% | |
| 0.7 to 0.8 | 410 | 7.0% | |
| 0.8 to 0.9 | 410 | 7.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SRFM?
Surf Air Mobility Inc. (SRFM) has an average correlation of about -0.031 with other NASDAQ stocks, based on 5,896 pairwise observations.
Is SRFM positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for SRFM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for SRFM.
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