AVID (AVID) Correlation Distribution
Across 6,376 rolling correlation observations between AVID (AVID) and other NASDAQ-listed stocks, 66.9% are positive and 33.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.199, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.5% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,376
- Mean correlation
- 0.199
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.9%
- Strong positive (≥0.7)
- 9.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 39 | 0.6% | |
| -0.8 to -0.7 | 39 | 0.6% | |
| -0.7 to -0.6 | 137 | 2.1% | |
| -0.6 to -0.5 | 137 | 2.1% | |
| -0.5 to -0.4 | 274 | 4.3% | |
| -0.4 to -0.3 | 273 | 4.3% | |
| -0.3 to -0.2 | 405 | 6.4% | |
| -0.2 to -0.1 | 405 | 6.4% | |
| -0.1 to 0.0 | 399 | 6.3% | |
| 0.0 to 0.1 | 398 | 6.2% | |
| 0.1 to 0.2 | 396 | 6.2% | |
| 0.2 to 0.3 | 395 | 6.2% | |
| 0.3 to 0.4 | 612 | 9.6% | |
| 0.4 to 0.5 | 612 | 9.6% | |
| 0.5 to 0.6 | 625 | 9.8% | |
| 0.6 to 0.7 | 624 | 9.8% | |
| 0.7 to 0.8 | 298 | 4.7% | |
| 0.8 to 0.9 | 298 | 4.7% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of AVID?
AVID (AVID) has an average correlation of about 0.199 with other NASDAQ stocks, based on 6,376 pairwise observations.
Is AVID positively correlated with other stocks?
Mostly yes — 66.9% of pairs are positive and 33.1% are negative. Strong positive correlations (≥0.7) make up 9.5%.
What is the most common correlation range for AVID?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.6% of all pairs.
Explore the full interactive correlation distribution for AVID.
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