The Vita Coco Company, Inc. Common Stock (COCO) Correlation Distribution
Across 6,798 rolling correlation observations between The Vita Coco Company, Inc. Common Stock (COCO) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 17%.
- Total observations
- 6,798
- Mean correlation
- -0.143
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 569 | 8.4% | |
| -0.8 to -0.7 | 568 | 8.4% | |
| -0.7 to -0.6 | 722 | 10.6% | |
| -0.6 to -0.5 | 722 | 10.6% | |
| -0.5 to -0.4 | 490 | 7.2% | |
| -0.4 to -0.3 | 490 | 7.2% | |
| -0.3 to -0.2 | 255 | 3.8% | |
| -0.2 to -0.1 | 255 | 3.8% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 212 | 3.1% | |
| 0.4 to 0.5 | 211 | 3.1% | |
| 0.5 to 0.6 | 282 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 411 | 6.0% | |
| 0.9 to 1.0 | 79 | 1.2% |
Frequently asked questions
What is the average correlation of COCO?
The Vita Coco Company, Inc. Common Stock (COCO) has an average correlation of about -0.143 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is COCO positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for COCO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for COCO.
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