Chicago Rivet & Machine Co. (CVR) Correlation Distribution
Across 6,771 rolling correlation observations between Chicago Rivet & Machine Co. (CVR) and other NASDAQ-listed stocks, 65.1% are positive and 34.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.128, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,771
- Mean correlation
- 0.128
- Most common range
- 0.3 to 0.4
- Positive pairs
- 65.1%
- Strong positive (≥0.7)
- 7.8%
- Sector
- Metalworkg Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 228 | 3.4% | |
| -0.8 to -0.7 | 227 | 3.4% | |
| -0.7 to -0.6 | 322 | 4.8% | |
| -0.6 to -0.5 | 322 | 4.8% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 243 | 3.6% | |
| -0.3 to -0.2 | 242 | 3.6% | |
| -0.2 to -0.1 | 241 | 3.6% | |
| -0.1 to 0.0 | 295 | 4.4% | |
| 0.0 to 0.1 | 295 | 4.4% | |
| 0.1 to 0.2 | 439 | 6.5% | |
| 0.2 to 0.3 | 439 | 6.5% | |
| 0.3 to 0.4 | 794 | 11.7% | |
| 0.4 to 0.5 | 793 | 11.7% | |
| 0.5 to 0.6 | 560 | 8.3% | |
| 0.6 to 0.7 | 559 | 8.3% | |
| 0.7 to 0.8 | 256 | 3.8% | |
| 0.8 to 0.9 | 256 | 3.8% | |
| 0.9 to 1.0 | 17 | 0.3% |
Frequently asked questions
What is the average correlation of CVR?
Chicago Rivet & Machine Co. (CVR) has an average correlation of about 0.128 with other NASDAQ stocks, based on 6,771 pairwise observations.
Is CVR positively correlated with other stocks?
Mostly yes — 65.1% of pairs are positive and 34.9% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for CVR?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for CVR.
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