Avnet, Inc. (AVT) Correlation Distribution
Across 6,809 rolling correlation observations between Avnet, Inc. (AVT) and other NASDAQ-listed stocks, 40.9% are positive and 59.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.8% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.9%
- Strong positive (≥0.7)
- 13.8%
- Sector
- Wholesale-Electronic Parts & Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 310 | 4.6% | |
| -0.8 to -0.7 | 310 | 4.6% | |
| -0.7 to -0.6 | 819 | 12.0% | |
| -0.6 to -0.5 | 818 | 12.0% | |
| -0.5 to -0.4 | 483 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 277 | 4.1% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 241 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 335 | 4.9% | |
| 0.6 to 0.7 | 334 | 4.9% | |
| 0.7 to 0.8 | 465 | 6.8% | |
| 0.8 to 0.9 | 464 | 6.8% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of AVT?
Avnet, Inc. (AVT) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AVT positively correlated with other stocks?
Not predominantly — 40.9% of pairs are positive and 59.1% are negative. Strong positive correlations (≥0.7) make up 13.8%.
What is the most common correlation range for AVT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for AVT.
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