Aveanna Healthcare Holdings Inc. Common Stock (AVAH) Correlation Distribution
Across 6,806 rolling correlation observations between Aveanna Healthcare Holdings Inc. Common Stock (AVAH) and other NASDAQ-listed stocks, 75.6% are positive and 24.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.338, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29.3% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,806
- Mean correlation
- 0.338
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.6%
- Strong positive (≥0.7)
- 29.3%
- Sector
- Services-Home Health Care Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 71 | 1.0% | |
| -0.8 to -0.7 | 70 | 1.0% | |
| -0.7 to -0.6 | 158 | 2.3% | |
| -0.6 to -0.5 | 158 | 2.3% | |
| -0.5 to -0.4 | 190 | 2.8% | |
| -0.4 to -0.3 | 190 | 2.8% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 330 | 4.8% | |
| 0.0 to 0.1 | 330 | 4.8% | |
| 0.1 to 0.2 | 374 | 5.5% | |
| 0.2 to 0.3 | 373 | 5.5% | |
| 0.3 to 0.4 | 437 | 6.4% | |
| 0.4 to 0.5 | 436 | 6.4% | |
| 0.5 to 0.6 | 602 | 8.8% | |
| 0.6 to 0.7 | 601 | 8.8% | |
| 0.7 to 0.8 | 860 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 274 | 4.0% |
Frequently asked questions
What is the average correlation of AVAH?
Aveanna Healthcare Holdings Inc. Common Stock (AVAH) has an average correlation of about 0.338 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is AVAH positively correlated with other stocks?
Mostly yes — 75.6% of pairs are positive and 24.4% are negative. Strong positive correlations (≥0.7) make up 29.3%.
What is the most common correlation range for AVAH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.9% of all pairs.
Explore the full interactive correlation distribution for AVAH.
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