CAVA Group, Inc. (CAVA) Correlation Distribution
Across 5,973 rolling correlation observations between CAVA Group, Inc. (CAVA) and other NASDAQ-listed stocks, 57.3% are positive and 42.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.125, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.8% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 5,973
- Mean correlation
- 0.125
- Most common range
- 0.7 to 0.8
- Positive pairs
- 57.3%
- Strong positive (≥0.7)
- 24.8%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 260 | 4.4% | |
| -0.8 to -0.7 | 259 | 4.3% | |
| -0.7 to -0.6 | 416 | 7.0% | |
| -0.6 to -0.5 | 416 | 7.0% | |
| -0.5 to -0.4 | 288 | 4.8% | |
| -0.4 to -0.3 | 288 | 4.8% | |
| -0.3 to -0.2 | 219 | 3.7% | |
| -0.2 to -0.1 | 218 | 3.6% | |
| -0.1 to 0.0 | 187 | 3.1% | |
| 0.0 to 0.1 | 186 | 3.1% | |
| 0.1 to 0.2 | 215 | 3.6% | |
| 0.2 to 0.3 | 215 | 3.6% | |
| 0.3 to 0.4 | 260 | 4.4% | |
| 0.4 to 0.5 | 259 | 4.3% | |
| 0.5 to 0.6 | 402 | 6.7% | |
| 0.6 to 0.7 | 401 | 6.7% | |
| 0.7 to 0.8 | 675 | 11.3% | |
| 0.8 to 0.9 | 674 | 11.3% | |
| 0.9 to 1.0 | 133 | 2.2% |
Frequently asked questions
What is the average correlation of CAVA?
CAVA Group, Inc. (CAVA) has an average correlation of about 0.125 with other NASDAQ stocks, based on 5,973 pairwise observations.
Is CAVA positively correlated with other stocks?
Mostly yes — 57.3% of pairs are positive and 42.7% are negative. Strong positive correlations (≥0.7) make up 24.8%.
What is the most common correlation range for CAVA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for CAVA.
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