Standex International Corporation (SXI) Correlation Distribution
Across 6,809 rolling correlation observations between Standex International Corporation (SXI) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 10.9%.
- Total observations
- 6,809
- Mean correlation
- -0.086
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 16.3%
- Sector
- Refrigeration & Service Industry Machinery
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 371 | 5.4% | |
| -0.8 to -0.7 | 370 | 5.4% | |
| -0.7 to -0.6 | 809 | 11.9% | |
| -0.6 to -0.5 | 809 | 11.9% | |
| -0.5 to -0.4 | 506 | 7.4% | |
| -0.4 to -0.3 | 506 | 7.4% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 275 | 4.0% | |
| -0.1 to 0.0 | 212 | 3.1% | |
| 0.0 to 0.1 | 211 | 3.1% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 201 | 3.0% | |
| 0.5 to 0.6 | 271 | 4.0% | |
| 0.6 to 0.7 | 270 | 4.0% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 422 | 6.2% | |
| 0.9 to 1.0 | 268 | 3.9% |
Frequently asked questions
What is the average correlation of SXI?
Standex International Corporation (SXI) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SXI positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for SXI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for SXI.
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