SURGW (SURGW) Correlation Distribution
Across 6,726 rolling correlation observations between SURGW (SURGW) and other NASDAQ-listed stocks, 30% are positive and 70% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,726
- Mean correlation
- -0.136
- Most common range
- -0.3 to -0.2
- Positive pairs
- 30%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 266 | 4.0% | |
| -0.6 to -0.5 | 265 | 3.9% | |
| -0.5 to -0.4 | 744 | 11.1% | |
| -0.4 to -0.3 | 744 | 11.1% | |
| -0.3 to -0.2 | 1,020 | 15.2% | |
| -0.2 to -0.1 | 1,019 | 15.2% | |
| -0.1 to 0.0 | 649 | 9.6% | |
| 0.0 to 0.1 | 649 | 9.6% | |
| 0.1 to 0.2 | 402 | 6.0% | |
| 0.2 to 0.3 | 401 | 6.0% | |
| 0.3 to 0.4 | 219 | 3.3% | |
| 0.4 to 0.5 | 219 | 3.3% | |
| 0.5 to 0.6 | 62 | 0.9% | |
| 0.6 to 0.7 | 61 | 0.9% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SURGW?
SURGW (SURGW) has an average correlation of about -0.136 with other NASDAQ stocks, based on 6,726 pairwise observations.
Is SURGW positively correlated with other stocks?
Not predominantly — 30% of pairs are positive and 70% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for SURGW?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 61.6% of all pairs.
Explore the full interactive correlation distribution for SURGW.
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