Simpson Manufacturing Co., Inc. (SSD) Correlation Distribution
Across 6,809 rolling correlation observations between Simpson Manufacturing Co., Inc. (SSD) and other NASDAQ-listed stocks, 39.8% are positive and 60.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.067
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.8%
- Strong positive (≥0.7)
- 12%
- Sector
- Cutlery, Handtools & General Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 189 | 2.8% | |
| -0.8 to -0.7 | 189 | 2.8% | |
| -0.7 to -0.6 | 654 | 9.6% | |
| -0.6 to -0.5 | 654 | 9.6% | |
| -0.5 to -0.4 | 706 | 10.4% | |
| -0.4 to -0.3 | 705 | 10.4% | |
| -0.3 to -0.2 | 362 | 5.3% | |
| -0.2 to -0.1 | 362 | 5.3% | |
| -0.1 to 0.0 | 279 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 322 | 4.7% | |
| 0.6 to 0.7 | 321 | 4.7% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 381 | 5.6% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of SSD?
Simpson Manufacturing Co., Inc. (SSD) has an average correlation of about -0.067 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SSD positively correlated with other stocks?
Not predominantly — 39.8% of pairs are positive and 60.2% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for SSD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for SSD.
Open interactive dashboard →