Stagwell Inc. Class A Common Stock (STGW) Correlation Distribution
Across 6,804 rolling correlation observations between Stagwell Inc. Class A Common Stock (STGW) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,804
- Mean correlation
- 0.249
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Services-Advertising Agencies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 50 | 0.7% | |
| -0.6 to -0.5 | 50 | 0.7% | |
| -0.5 to -0.4 | 255 | 3.7% | |
| -0.4 to -0.3 | 254 | 3.7% | |
| -0.3 to -0.2 | 396 | 5.8% | |
| -0.2 to -0.1 | 396 | 5.8% | |
| -0.1 to 0.0 | 357 | 5.2% | |
| 0.0 to 0.1 | 356 | 5.2% | |
| 0.1 to 0.2 | 459 | 6.7% | |
| 0.2 to 0.3 | 459 | 6.7% | |
| 0.3 to 0.4 | 832 | 12.2% | |
| 0.4 to 0.5 | 831 | 12.2% | |
| 0.5 to 0.6 | 1,048 | 15.4% | |
| 0.6 to 0.7 | 1,047 | 15.4% | |
| 0.7 to 0.8 | 6 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of STGW?
Stagwell Inc. Class A Common Stock (STGW) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is STGW positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for STGW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.6% of all pairs.
Explore the full interactive correlation distribution for STGW.
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