Commercial Vehicle Group, Inc. (CVGI) Correlation Distribution
Across 6,809 rolling correlation observations between Commercial Vehicle Group, Inc. (CVGI) and other NASDAQ-listed stocks, 68.7% are positive and 31.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.181, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.181
- Most common range
- 0.3 to 0.4
- Positive pairs
- 68.7%
- Strong positive (≥0.7)
- 6.1%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 298 | 4.4% | |
| -0.4 to -0.3 | 297 | 4.4% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 322 | 4.7% | |
| 0.0 to 0.1 | 321 | 4.7% | |
| 0.1 to 0.2 | 470 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 791 | 11.6% | |
| 0.4 to 0.5 | 790 | 11.6% | |
| 0.5 to 0.6 | 713 | 10.5% | |
| 0.6 to 0.7 | 712 | 10.5% | |
| 0.7 to 0.8 | 204 | 3.0% | |
| 0.8 to 0.9 | 204 | 3.0% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of CVGI?
Commercial Vehicle Group, Inc. (CVGI) has an average correlation of about 0.181 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CVGI positively correlated with other stocks?
Mostly yes — 68.7% of pairs are positive and 31.3% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for CVGI?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 31.3% of all pairs.
Explore the full interactive correlation distribution for CVGI.
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