Clover Health Investments, Corp (CLOV) Correlation Distribution
Across 6,808 rolling correlation observations between Clover Health Investments, Corp (CLOV) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.8% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,808
- Mean correlation
- 0.313
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 31.8%
- Sector
- Hospital & Medical Service Plans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 188 | 2.8% | |
| -0.6 to -0.5 | 188 | 2.8% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 288 | 4.2% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 290 | 4.3% | |
| 0.1 to 0.2 | 302 | 4.4% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 373 | 5.5% | |
| 0.4 to 0.5 | 372 | 5.5% | |
| 0.5 to 0.6 | 528 | 7.8% | |
| 0.6 to 0.7 | 527 | 7.7% | |
| 0.7 to 0.8 | 983 | 14.4% | |
| 0.8 to 0.9 | 983 | 14.4% | |
| 0.9 to 1.0 | 196 | 2.9% |
Frequently asked questions
What is the average correlation of CLOV?
Clover Health Investments, Corp (CLOV) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CLOV positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 31.8%.
What is the most common correlation range for CLOV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for CLOV.
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