CCVI (CCVI) Correlation Distribution
Across 6,392 rolling correlation observations between CCVI (CCVI) and other NASDAQ-listed stocks, 26.3% are positive and 73.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.241, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 13.4%.
- Total observations
- 6,392
- Mean correlation
- -0.241
- Most common range
- -0.7 to -0.6
- Positive pairs
- 26.3%
- Strong positive (≥0.7)
- 9.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 28 | 0.4% | |
| -0.9 to -0.8 | 415 | 6.5% | |
| -0.8 to -0.7 | 414 | 6.5% | |
| -0.7 to -0.6 | 864 | 13.5% | |
| -0.6 to -0.5 | 863 | 13.5% | |
| -0.5 to -0.4 | 684 | 10.7% | |
| -0.4 to -0.3 | 684 | 10.7% | |
| -0.3 to -0.2 | 289 | 4.5% | |
| -0.2 to -0.1 | 288 | 4.5% | |
| -0.1 to 0.0 | 185 | 2.9% | |
| 0.0 to 0.1 | 185 | 2.9% | |
| 0.1 to 0.2 | 159 | 2.5% | |
| 0.2 to 0.3 | 158 | 2.5% | |
| 0.3 to 0.4 | 162 | 2.5% | |
| 0.4 to 0.5 | 161 | 2.5% | |
| 0.5 to 0.6 | 137 | 2.1% | |
| 0.6 to 0.7 | 137 | 2.1% | |
| 0.7 to 0.8 | 190 | 3.0% | |
| 0.8 to 0.9 | 190 | 3.0% | |
| 0.9 to 1.0 | 199 | 3.1% |
Frequently asked questions
What is the average correlation of CCVI?
CCVI (CCVI) has an average correlation of about -0.241 with other NASDAQ stocks, based on 6,392 pairwise observations.
Is CCVI positively correlated with other stocks?
Not predominantly — 26.3% of pairs are positive and 73.7% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for CCVI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for CCVI.
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