ABBVIE INC. (ABBV) Correlation Distribution
Across 6,809 rolling correlation observations between ABBVIE INC. (ABBV) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.155, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 22.3%.
- Total observations
- 6,809
- Mean correlation
- -0.155
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 11.9%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 758 | 11.1% | |
| -0.8 to -0.7 | 758 | 11.1% | |
| -0.7 to -0.6 | 618 | 9.1% | |
| -0.6 to -0.5 | 617 | 9.1% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 371 | 5.4% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 231 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 320 | 4.7% | |
| 0.6 to 0.7 | 320 | 4.7% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of ABBV?
ABBVIE INC. (ABBV) has an average correlation of about -0.155 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ABBV positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for ABBV?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for ABBV.
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