Sharps Technology Inc. Common Stock (STSS) Correlation Distribution
Across 6,718 rolling correlation observations between Sharps Technology Inc. Common Stock (STSS) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 21.2% and strong negative correlations (≤−0.7) for 16.1%.
- Total observations
- 6,718
- Mean correlation
- 0.08
- Most common range
- 0.7 to 0.8
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 21.2%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 63 | 0.9% | |
| -0.9 to -0.8 | 511 | 7.6% | |
| -0.8 to -0.7 | 510 | 7.6% | |
| -0.7 to -0.6 | 357 | 5.3% | |
| -0.6 to -0.5 | 357 | 5.3% | |
| -0.5 to -0.4 | 238 | 3.5% | |
| -0.4 to -0.3 | 237 | 3.5% | |
| -0.3 to -0.2 | 212 | 3.2% | |
| -0.2 to -0.1 | 212 | 3.2% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 261 | 3.9% | |
| 0.2 to 0.3 | 261 | 3.9% | |
| 0.3 to 0.4 | 309 | 4.6% | |
| 0.4 to 0.5 | 308 | 4.6% | |
| 0.5 to 0.6 | 500 | 7.4% | |
| 0.6 to 0.7 | 500 | 7.4% | |
| 0.7 to 0.8 | 617 | 9.2% | |
| 0.8 to 0.9 | 617 | 9.2% | |
| 0.9 to 1.0 | 190 | 2.8% |
Frequently asked questions
What is the average correlation of STSS?
Sharps Technology Inc. Common Stock (STSS) has an average correlation of about 0.08 with other NASDAQ stocks, based on 6,718 pairwise observations.
Is STSS positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 21.2%.
What is the most common correlation range for STSS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for STSS.
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