Corteva, Inc. Common Stock (CTVA) Correlation Distribution
Across 6,809 rolling correlation observations between Corteva, Inc. Common Stock (CTVA) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 7.9%.
- Total observations
- 6,809
- Mean correlation
- -0.1
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 4.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 270 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 680 | 10.0% | |
| -0.6 to -0.5 | 679 | 10.0% | |
| -0.5 to -0.4 | 493 | 7.2% | |
| -0.4 to -0.3 | 493 | 7.2% | |
| -0.3 to -0.2 | 385 | 5.7% | |
| -0.2 to -0.1 | 384 | 5.6% | |
| -0.1 to 0.0 | 351 | 5.2% | |
| 0.0 to 0.1 | 350 | 5.1% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 347 | 5.1% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 379 | 5.6% | |
| 0.6 to 0.7 | 379 | 5.6% | |
| 0.7 to 0.8 | 147 | 2.2% | |
| 0.8 to 0.9 | 146 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CTVA?
Corteva, Inc. Common Stock (CTVA) has an average correlation of about -0.1 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CTVA positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for CTVA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for CTVA.
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