Dave Inc. Class A Common Stock (DAVE) Correlation Distribution
Across 6,779 rolling correlation observations between Dave Inc. Class A Common Stock (DAVE) and other NASDAQ-listed stocks, 73.6% are positive and 26.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,779
- Mean correlation
- 0.239
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.6%
- Strong positive (≥0.7)
- 9.9%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 116 | 1.7% | |
| -0.5 to -0.4 | 237 | 3.5% | |
| -0.4 to -0.3 | 236 | 3.5% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 301 | 4.4% | |
| -0.1 to 0.0 | 447 | 6.6% | |
| 0.0 to 0.1 | 446 | 6.6% | |
| 0.1 to 0.2 | 615 | 9.1% | |
| 0.2 to 0.3 | 615 | 9.1% | |
| 0.3 to 0.4 | 691 | 10.2% | |
| 0.4 to 0.5 | 690 | 10.2% | |
| 0.5 to 0.6 | 633 | 9.3% | |
| 0.6 to 0.7 | 633 | 9.3% | |
| 0.7 to 0.8 | 324 | 4.8% | |
| 0.8 to 0.9 | 323 | 4.8% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of DAVE?
Dave Inc. Class A Common Stock (DAVE) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,779 pairwise observations.
Is DAVE positively correlated with other stocks?
Mostly yes — 73.6% of pairs are positive and 26.4% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for DAVE?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 40.2% of all pairs.
Explore the full interactive correlation distribution for DAVE.
Open interactive dashboard →