Endava plc American Depositary Shares (each representing one Class A Ordinary Share) (DAVA) Correlation Distribution
Across 6,809 rolling correlation observations between Endava plc American Depositary Shares (each representing one Class A Ordinary Share) (DAVA) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.7% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- 0.247
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 21.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 145 | 2.1% | |
| -0.8 to -0.7 | 145 | 2.1% | |
| -0.7 to -0.6 | 306 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 241 | 3.5% | |
| -0.4 to -0.3 | 240 | 3.5% | |
| -0.3 to -0.2 | 218 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 482 | 7.1% | |
| 0.4 to 0.5 | 481 | 7.1% | |
| 0.5 to 0.6 | 709 | 10.4% | |
| 0.6 to 0.7 | 709 | 10.4% | |
| 0.7 to 0.8 | 700 | 10.3% | |
| 0.8 to 0.9 | 699 | 10.3% | |
| 0.9 to 1.0 | 81 | 1.2% |
Frequently asked questions
What is the average correlation of DAVA?
Endava plc American Depositary Shares (each representing one Class A Ordinary Share) (DAVA) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DAVA positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 21.7%.
What is the most common correlation range for DAVA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for DAVA.
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