Elevance Health, Inc. (ELV) Correlation Distribution
Across 6,660 rolling correlation observations between Elevance Health, Inc. (ELV) and other NASDAQ-listed stocks, 54.6% are positive and 45.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.011, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,660
- Mean correlation
- 0.011
- Most common range
- 0.1 to 0.2
- Positive pairs
- 54.6%
- Strong positive (≥0.7)
- 0.5%
- Sector
- Hospital & Medical Service Plans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 220 | 3.3% | |
| -0.6 to -0.5 | 219 | 3.3% | |
| -0.5 to -0.4 | 444 | 6.7% | |
| -0.4 to -0.3 | 444 | 6.7% | |
| -0.3 to -0.2 | 517 | 7.8% | |
| -0.2 to -0.1 | 517 | 7.8% | |
| -0.1 to 0.0 | 620 | 9.3% | |
| 0.0 to 0.1 | 620 | 9.3% | |
| 0.1 to 0.2 | 875 | 13.1% | |
| 0.2 to 0.3 | 875 | 13.1% | |
| 0.3 to 0.4 | 454 | 6.8% | |
| 0.4 to 0.5 | 453 | 6.8% | |
| 0.5 to 0.6 | 165 | 2.5% | |
| 0.6 to 0.7 | 164 | 2.5% | |
| 0.7 to 0.8 | 16 | 0.2% | |
| 0.8 to 0.9 | 15 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ELV?
Elevance Health, Inc. (ELV) has an average correlation of about 0.011 with other NASDAQ stocks, based on 6,660 pairwise observations.
Is ELV positively correlated with other stocks?
Mostly yes — 54.6% of pairs are positive and 45.4% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for ELV?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 60.4% of all pairs.
Explore the full interactive correlation distribution for ELV.
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