Dave Inc. Warrants (DAVEW) Correlation Distribution
Across 6,756 rolling correlation observations between Dave Inc. Warrants (DAVEW) and other NASDAQ-listed stocks, 71.8% are positive and 28.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,756
- Mean correlation
- 0.232
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.8%
- Strong positive (≥0.7)
- 7.3%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 59 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 255 | 3.8% | |
| -0.3 to -0.2 | 389 | 5.8% | |
| -0.2 to -0.1 | 388 | 5.7% | |
| -0.1 to 0.0 | 498 | 7.4% | |
| 0.0 to 0.1 | 498 | 7.4% | |
| 0.1 to 0.2 | 538 | 8.0% | |
| 0.2 to 0.3 | 537 | 7.9% | |
| 0.3 to 0.4 | 698 | 10.3% | |
| 0.4 to 0.5 | 698 | 10.3% | |
| 0.5 to 0.6 | 693 | 10.3% | |
| 0.6 to 0.7 | 692 | 10.2% | |
| 0.7 to 0.8 | 244 | 3.6% | |
| 0.8 to 0.9 | 244 | 3.6% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of DAVEW?
Dave Inc. Warrants (DAVEW) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,756 pairwise observations.
Is DAVEW positively correlated with other stocks?
Mostly yes — 71.8% of pairs are positive and 28.2% are negative. Strong positive correlations (≥0.7) make up 7.3%.
What is the most common correlation range for DAVEW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42.2% of all pairs.
Explore the full interactive correlation distribution for DAVEW.
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