Stryker Corporation (SYK) Correlation Distribution
Across 6,809 rolling correlation observations between Stryker Corporation (SYK) and other NASDAQ-listed stocks, 41.9% are positive and 58.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,809
- Mean correlation
- -0.029
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.9%
- Strong positive (≥0.7)
- 16%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 192 | 2.8% | |
| -0.8 to -0.7 | 191 | 2.8% | |
| -0.7 to -0.6 | 601 | 8.8% | |
| -0.6 to -0.5 | 600 | 8.8% | |
| -0.5 to -0.4 | 675 | 9.9% | |
| -0.4 to -0.3 | 674 | 9.9% | |
| -0.3 to -0.2 | 370 | 5.4% | |
| -0.2 to -0.1 | 370 | 5.4% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 238 | 3.5% | |
| 0.4 to 0.5 | 238 | 3.5% | |
| 0.5 to 0.6 | 278 | 4.1% | |
| 0.6 to 0.7 | 277 | 4.1% | |
| 0.7 to 0.8 | 438 | 6.4% | |
| 0.8 to 0.9 | 438 | 6.4% | |
| 0.9 to 1.0 | 216 | 3.2% |
Frequently asked questions
What is the average correlation of SYK?
Stryker Corporation (SYK) has an average correlation of about -0.029 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SYK positively correlated with other stocks?
Not predominantly — 41.9% of pairs are positive and 58.1% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for SYK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for SYK.
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