Driven Brands Holdings Inc. Common Stock (DRVN) Correlation Distribution
Across 6,808 rolling correlation observations between Driven Brands Holdings Inc. Common Stock (DRVN) and other NASDAQ-listed stocks, 67.1% are positive and 32.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.175, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,808
- Mean correlation
- 0.175
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.1%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Services-Automotive Repair, Services & Parking
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 294 | 4.3% | |
| -0.8 to -0.7 | 293 | 4.3% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 210 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 209 | 3.1% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 297 | 4.4% | |
| 0.3 to 0.4 | 637 | 9.4% | |
| 0.4 to 0.5 | 636 | 9.3% | |
| 0.5 to 0.6 | 858 | 12.6% | |
| 0.6 to 0.7 | 857 | 12.6% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 375 | 5.5% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of DRVN?
Driven Brands Holdings Inc. Common Stock (DRVN) has an average correlation of about 0.175 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is DRVN positively correlated with other stocks?
Mostly yes — 67.1% of pairs are positive and 32.9% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for DRVN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.3% of all pairs.
Explore the full interactive correlation distribution for DRVN.
Open interactive dashboard →