SUM (SUM) Correlation Distribution
Across 6,803 rolling correlation observations between SUM (SUM) and other NASDAQ-listed stocks, 48.9% are positive and 51.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.053, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,803
- Mean correlation
- 0.053
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.9%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 415 | 6.1% | |
| -0.6 to -0.5 | 415 | 6.1% | |
| -0.5 to -0.4 | 595 | 8.7% | |
| -0.4 to -0.3 | 594 | 8.7% | |
| -0.3 to -0.2 | 493 | 7.2% | |
| -0.2 to -0.1 | 493 | 7.2% | |
| -0.1 to 0.0 | 357 | 5.2% | |
| 0.0 to 0.1 | 357 | 5.2% | |
| 0.1 to 0.2 | 313 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 281 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 377 | 5.5% | |
| 0.6 to 0.7 | 377 | 5.5% | |
| 0.7 to 0.8 | 499 | 7.3% | |
| 0.8 to 0.9 | 498 | 7.3% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of SUM?
SUM (SUM) has an average correlation of about 0.053 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is SUM positively correlated with other stocks?
Not predominantly — 48.9% of pairs are positive and 51.1% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for SUM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.2% of all pairs.
Explore the full interactive correlation distribution for SUM.
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