Southwest Gas Holdings, Inc. (SWX) Correlation Distribution
Across 6,809 rolling correlation observations between Southwest Gas Holdings, Inc. (SWX) and other NASDAQ-listed stocks, 56.3% are positive and 43.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.043, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.043
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.3%
- Strong positive (≥0.7)
- 0.8%
- Sector
- Natural Gas Transmission & Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 80 | 1.2% | |
| -0.6 to -0.5 | 79 | 1.2% | |
| -0.5 to -0.4 | 186 | 2.7% | |
| -0.4 to -0.3 | 185 | 2.7% | |
| -0.3 to -0.2 | 672 | 9.9% | |
| -0.2 to -0.1 | 671 | 9.9% | |
| -0.1 to 0.0 | 1,068 | 15.7% | |
| 0.0 to 0.1 | 1,067 | 15.7% | |
| 0.1 to 0.2 | 851 | 12.5% | |
| 0.2 to 0.3 | 851 | 12.5% | |
| 0.3 to 0.4 | 407 | 6.0% | |
| 0.4 to 0.5 | 406 | 6.0% | |
| 0.5 to 0.6 | 99 | 1.5% | |
| 0.6 to 0.7 | 99 | 1.5% | |
| 0.7 to 0.8 | 27 | 0.4% | |
| 0.8 to 0.9 | 27 | 0.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SWX?
Southwest Gas Holdings, Inc. (SWX) has an average correlation of about 0.043 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SWX positively correlated with other stocks?
Mostly yes — 56.3% of pairs are positive and 43.7% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for SWX?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 76.1% of all pairs.
Explore the full interactive correlation distribution for SWX.
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