Cavco Industries Inc. (CVCO) Correlation Distribution
Across 6,809 rolling correlation observations between Cavco Industries Inc. (CVCO) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- -0.056
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Mobile Homes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 198 | 2.9% | |
| -0.8 to -0.7 | 198 | 2.9% | |
| -0.7 to -0.6 | 757 | 11.1% | |
| -0.6 to -0.5 | 756 | 11.1% | |
| -0.5 to -0.4 | 622 | 9.1% | |
| -0.4 to -0.3 | 622 | 9.1% | |
| -0.3 to -0.2 | 319 | 4.7% | |
| -0.2 to -0.1 | 319 | 4.7% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 238 | 3.5% | |
| 0.4 to 0.5 | 238 | 3.5% | |
| 0.5 to 0.6 | 275 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 405 | 5.9% | |
| 0.8 to 0.9 | 404 | 5.9% | |
| 0.9 to 1.0 | 227 | 3.3% |
Frequently asked questions
What is the average correlation of CVCO?
Cavco Industries Inc. (CVCO) has an average correlation of about -0.056 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CVCO positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for CVCO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for CVCO.
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