Corvel Corp (CRVL) Correlation Distribution
Across 6,809 rolling correlation observations between Corvel Corp (CRVL) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 12.6%.
- Total observations
- 6,809
- Mean correlation
- -0.082
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 423 | 6.2% | |
| -0.8 to -0.7 | 423 | 6.2% | |
| -0.7 to -0.6 | 757 | 11.1% | |
| -0.6 to -0.5 | 757 | 11.1% | |
| -0.5 to -0.4 | 477 | 7.0% | |
| -0.4 to -0.3 | 476 | 7.0% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 214 | 3.1% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 414 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 322 | 4.7% |
Frequently asked questions
What is the average correlation of CRVL?
Corvel Corp (CRVL) has an average correlation of about -0.082 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRVL positively correlated with other stocks?
Not predominantly — 39.7% of pairs are positive and 60.3% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for CRVL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for CRVL.
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