SunLink Health Systems, Inc (SSY) Correlation Distribution
Across 6,808 rolling correlation observations between SunLink Health Systems, Inc (SSY) and other NASDAQ-listed stocks, 73.4% are positive and 26.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.332, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,808
- Mean correlation
- 0.332
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.4%
- Strong positive (≥0.7)
- 28.1%
- Sector
- Services-General Medical & Surgical Hospitals, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 143 | 2.1% | |
| -0.6 to -0.5 | 142 | 2.1% | |
| -0.5 to -0.4 | 335 | 4.9% | |
| -0.4 to -0.3 | 335 | 4.9% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 283 | 4.2% | |
| 0.1 to 0.2 | 303 | 4.5% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 435 | 6.4% | |
| 0.4 to 0.5 | 434 | 6.4% | |
| 0.5 to 0.6 | 662 | 9.7% | |
| 0.6 to 0.7 | 661 | 9.7% | |
| 0.7 to 0.8 | 860 | 12.6% | |
| 0.8 to 0.9 | 860 | 12.6% | |
| 0.9 to 1.0 | 195 | 2.9% |
Frequently asked questions
What is the average correlation of SSY?
SunLink Health Systems, Inc (SSY) has an average correlation of about 0.332 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SSY positively correlated with other stocks?
Mostly yes — 73.4% of pairs are positive and 26.6% are negative. Strong positive correlations (≥0.7) make up 28.1%.
What is the most common correlation range for SSY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.4% of all pairs.
Explore the full interactive correlation distribution for SSY.
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