SWAV (SWAV) Correlation Distribution
Across 6,668 rolling correlation observations between SWAV (SWAV) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,668
- Mean correlation
- -0.08
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 6.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 174 | 2.6% | |
| -0.8 to -0.7 | 174 | 2.6% | |
| -0.7 to -0.6 | 577 | 8.7% | |
| -0.6 to -0.5 | 576 | 8.6% | |
| -0.5 to -0.4 | 645 | 9.7% | |
| -0.4 to -0.3 | 645 | 9.7% | |
| -0.3 to -0.2 | 433 | 6.5% | |
| -0.2 to -0.1 | 432 | 6.5% | |
| -0.1 to 0.0 | 326 | 4.9% | |
| 0.0 to 0.1 | 325 | 4.9% | |
| 0.1 to 0.2 | 312 | 4.7% | |
| 0.2 to 0.3 | 312 | 4.7% | |
| 0.3 to 0.4 | 306 | 4.6% | |
| 0.4 to 0.5 | 306 | 4.6% | |
| 0.5 to 0.6 | 351 | 5.3% | |
| 0.6 to 0.7 | 351 | 5.3% | |
| 0.7 to 0.8 | 212 | 3.2% | |
| 0.8 to 0.9 | 211 | 3.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SWAV?
SWAV (SWAV) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,668 pairwise observations.
Is SWAV positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for SWAV?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for SWAV.
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