SYNH (SYNH) Correlation Distribution
Across 6,297 rolling correlation observations between SYNH (SYNH) and other NASDAQ-listed stocks, 78.5% are positive and 21.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.379, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.4% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,297
- Mean correlation
- 0.379
- Most common range
- 0.7 to 0.8
- Positive pairs
- 78.5%
- Strong positive (≥0.7)
- 32.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 94 | 1.5% | |
| -0.8 to -0.7 | 93 | 1.5% | |
| -0.7 to -0.6 | 127 | 2.0% | |
| -0.6 to -0.5 | 126 | 2.0% | |
| -0.5 to -0.4 | 159 | 2.5% | |
| -0.4 to -0.3 | 159 | 2.5% | |
| -0.3 to -0.2 | 200 | 3.2% | |
| -0.2 to -0.1 | 199 | 3.2% | |
| -0.1 to 0.0 | 195 | 3.1% | |
| 0.0 to 0.1 | 194 | 3.1% | |
| 0.1 to 0.2 | 270 | 4.3% | |
| 0.2 to 0.3 | 270 | 4.3% | |
| 0.3 to 0.4 | 435 | 6.9% | |
| 0.4 to 0.5 | 434 | 6.9% | |
| 0.5 to 0.6 | 648 | 10.3% | |
| 0.6 to 0.7 | 648 | 10.3% | |
| 0.7 to 0.8 | 927 | 14.7% | |
| 0.8 to 0.9 | 926 | 14.7% | |
| 0.9 to 1.0 | 190 | 3.0% |
Frequently asked questions
What is the average correlation of SYNH?
SYNH (SYNH) has an average correlation of about 0.379 with other NASDAQ stocks, based on 6,297 pairwise observations.
Is SYNH positively correlated with other stocks?
Mostly yes — 78.5% of pairs are positive and 21.5% are negative. Strong positive correlations (≥0.7) make up 32.4%.
What is the most common correlation range for SYNH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for SYNH.
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