Smith & Wesson Brands, Inc. Common Stock (SWBI) Correlation Distribution
Across 6,809 rolling correlation observations between Smith & Wesson Brands, Inc. Common Stock (SWBI) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.245, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.245
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 18.3%
- Sector
- Ordnance & Accessories, (No Vehicles/Guided Missiles)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 204 | 3.0% | |
| -0.6 to -0.5 | 203 | 3.0% | |
| -0.5 to -0.4 | 389 | 5.7% | |
| -0.4 to -0.3 | 389 | 5.7% | |
| -0.3 to -0.2 | 349 | 5.1% | |
| -0.2 to -0.1 | 348 | 5.1% | |
| -0.1 to 0.0 | 322 | 4.7% | |
| 0.0 to 0.1 | 322 | 4.7% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 784 | 11.5% | |
| 0.6 to 0.7 | 784 | 11.5% | |
| 0.7 to 0.8 | 612 | 9.0% | |
| 0.8 to 0.9 | 611 | 9.0% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of SWBI?
Smith & Wesson Brands, Inc. Common Stock (SWBI) has an average correlation of about 0.245 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SWBI positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 18.3%.
What is the most common correlation range for SWBI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.1% of all pairs.
Explore the full interactive correlation distribution for SWBI.
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