StoneCo Ltd. Class A Common Shares (STNE) Correlation Distribution
Across 6,809 rolling correlation observations between StoneCo Ltd. Class A Common Shares (STNE) and other NASDAQ-listed stocks, 62.5% are positive and 37.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.3% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.21
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.5%
- Strong positive (≥0.7)
- 25.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 405 | 5.9% | |
| -0.4 to -0.3 | 405 | 5.9% | |
| -0.3 to -0.2 | 347 | 5.1% | |
| -0.2 to -0.1 | 347 | 5.1% | |
| -0.1 to 0.0 | 342 | 5.0% | |
| 0.0 to 0.1 | 341 | 5.0% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 356 | 5.2% | |
| 0.4 to 0.5 | 356 | 5.2% | |
| 0.5 to 0.6 | 433 | 6.4% | |
| 0.6 to 0.7 | 433 | 6.4% | |
| 0.7 to 0.8 | 712 | 10.5% | |
| 0.8 to 0.9 | 712 | 10.5% | |
| 0.9 to 1.0 | 299 | 4.4% |
Frequently asked questions
What is the average correlation of STNE?
StoneCo Ltd. Class A Common Shares (STNE) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STNE positively correlated with other stocks?
Mostly yes — 62.5% of pairs are positive and 37.5% are negative. Strong positive correlations (≥0.7) make up 25.3%.
What is the most common correlation range for STNE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.2% of all pairs.
Explore the full interactive correlation distribution for STNE.
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