Civeo Corporation (CVEO) Correlation Distribution
Across 6,809 rolling correlation observations between Civeo Corporation (CVEO) and other NASDAQ-listed stocks, 44.7% are positive and 55.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- -0.037
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.7%
- Strong positive (≥0.7)
- 2.6%
- Sector
- Hotels, Rooming Houses, Camps & Other Lodging Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 75 | 1.1% | |
| -0.8 to -0.7 | 75 | 1.1% | |
| -0.7 to -0.6 | 391 | 5.7% | |
| -0.6 to -0.5 | 390 | 5.7% | |
| -0.5 to -0.4 | 578 | 8.5% | |
| -0.4 to -0.3 | 578 | 8.5% | |
| -0.3 to -0.2 | 595 | 8.7% | |
| -0.2 to -0.1 | 595 | 8.7% | |
| -0.1 to 0.0 | 486 | 7.1% | |
| 0.0 to 0.1 | 486 | 7.1% | |
| 0.1 to 0.2 | 455 | 6.7% | |
| 0.2 to 0.3 | 455 | 6.7% | |
| 0.3 to 0.4 | 432 | 6.3% | |
| 0.4 to 0.5 | 432 | 6.3% | |
| 0.5 to 0.6 | 305 | 4.5% | |
| 0.6 to 0.7 | 305 | 4.5% | |
| 0.7 to 0.8 | 88 | 1.3% | |
| 0.8 to 0.9 | 88 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CVEO?
Civeo Corporation (CVEO) has an average correlation of about -0.037 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CVEO positively correlated with other stocks?
Not predominantly — 44.7% of pairs are positive and 55.3% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for CVEO?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 45.1% of all pairs.
Explore the full interactive correlation distribution for CVEO.
Open interactive dashboard →