CVD Equipment Corp. (CVV) Correlation Distribution
Across 6,809 rolling correlation observations between CVD Equipment Corp. (CVV) and other NASDAQ-listed stocks, 34.6% are positive and 65.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.075, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- -0.075
- Most common range
- -0.3 to -0.2
- Positive pairs
- 34.6%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Special Industry Machinery, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 132 | 1.9% | |
| -0.6 to -0.5 | 132 | 1.9% | |
| -0.5 to -0.4 | 579 | 8.5% | |
| -0.4 to -0.3 | 578 | 8.5% | |
| -0.3 to -0.2 | 1,133 | 16.6% | |
| -0.2 to -0.1 | 1,132 | 16.6% | |
| -0.1 to 0.0 | 727 | 10.7% | |
| 0.0 to 0.1 | 727 | 10.7% | |
| 0.1 to 0.2 | 397 | 5.8% | |
| 0.2 to 0.3 | 396 | 5.8% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 127 | 1.9% | |
| 0.6 to 0.7 | 126 | 1.9% | |
| 0.7 to 0.8 | 61 | 0.9% | |
| 0.8 to 0.9 | 61 | 0.9% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of CVV?
CVD Equipment Corp. (CVV) has an average correlation of about -0.075 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CVV positively correlated with other stocks?
Not predominantly — 34.6% of pairs are positive and 65.4% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for CVV?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 66.3% of all pairs.
Explore the full interactive correlation distribution for CVV.
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