CLEAN ENGY SPCL SITUTINS (SWSS) Correlation Distribution
Across 5,816 rolling correlation observations between CLEAN ENGY SPCL SITUTINS (SWSS) and other NASDAQ-listed stocks, 28.5% are positive and 71.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.23, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 14.1%.
- Total observations
- 5,816
- Mean correlation
- -0.23
- Most common range
- -0.7 to -0.6
- Positive pairs
- 28.5%
- Strong positive (≥0.7)
- 8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 46 | 0.8% | |
| -0.9 to -0.8 | 387 | 6.7% | |
| -0.8 to -0.7 | 387 | 6.7% | |
| -0.7 to -0.6 | 753 | 12.9% | |
| -0.6 to -0.5 | 752 | 12.9% | |
| -0.5 to -0.4 | 580 | 10.0% | |
| -0.4 to -0.3 | 579 | 10.0% | |
| -0.3 to -0.2 | 241 | 4.1% | |
| -0.2 to -0.1 | 241 | 4.1% | |
| -0.1 to 0.0 | 190 | 3.3% | |
| 0.0 to 0.1 | 189 | 3.2% | |
| 0.1 to 0.2 | 155 | 2.7% | |
| 0.2 to 0.3 | 155 | 2.7% | |
| 0.3 to 0.4 | 159 | 2.7% | |
| 0.4 to 0.5 | 158 | 2.7% | |
| 0.5 to 0.6 | 191 | 3.3% | |
| 0.6 to 0.7 | 190 | 3.3% | |
| 0.7 to 0.8 | 227 | 3.9% | |
| 0.8 to 0.9 | 227 | 3.9% | |
| 0.9 to 1.0 | 9 | 0.2% |
Frequently asked questions
What is the average correlation of SWSS?
CLEAN ENGY SPCL SITUTINS (SWSS) has an average correlation of about -0.23 with other NASDAQ stocks, based on 5,816 pairwise observations.
Is SWSS positively correlated with other stocks?
Not predominantly — 28.5% of pairs are positive and 71.5% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for SWSS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for SWSS.
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