ACV Auctions Inc. (ACVA) Correlation Distribution
Across 6,806 rolling correlation observations between ACV Auctions Inc. (ACVA) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.5% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,806
- Mean correlation
- 0.231
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 6.5%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 122 | 1.8% | |
| -0.5 to -0.4 | 174 | 2.6% | |
| -0.4 to -0.3 | 174 | 2.6% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 452 | 6.6% | |
| 0.0 to 0.1 | 452 | 6.6% | |
| 0.1 to 0.2 | 656 | 9.6% | |
| 0.2 to 0.3 | 656 | 9.6% | |
| 0.3 to 0.4 | 715 | 10.5% | |
| 0.4 to 0.5 | 714 | 10.5% | |
| 0.5 to 0.6 | 722 | 10.6% | |
| 0.6 to 0.7 | 721 | 10.6% | |
| 0.7 to 0.8 | 220 | 3.2% | |
| 0.8 to 0.9 | 220 | 3.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ACVA?
ACV Auctions Inc. (ACVA) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ACVA positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 6.5%.
What is the most common correlation range for ACVA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 41.2% of all pairs.
Explore the full interactive correlation distribution for ACVA.
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