Enovis Corporation (ENOV) Correlation Distribution
Across 6,724 rolling correlation observations between Enovis Corporation (ENOV) and other NASDAQ-listed stocks, 60.3% are positive and 39.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.11, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,724
- Mean correlation
- 0.11
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60.3%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 397 | 5.9% | |
| -0.6 to -0.5 | 396 | 5.9% | |
| -0.5 to -0.4 | 355 | 5.3% | |
| -0.4 to -0.3 | 355 | 5.3% | |
| -0.3 to -0.2 | 309 | 4.6% | |
| -0.2 to -0.1 | 308 | 4.6% | |
| -0.1 to 0.0 | 328 | 4.9% | |
| 0.0 to 0.1 | 327 | 4.9% | |
| 0.1 to 0.2 | 369 | 5.5% | |
| 0.2 to 0.3 | 369 | 5.5% | |
| 0.3 to 0.4 | 582 | 8.7% | |
| 0.4 to 0.5 | 582 | 8.7% | |
| 0.5 to 0.6 | 690 | 10.3% | |
| 0.6 to 0.7 | 689 | 10.2% | |
| 0.7 to 0.8 | 224 | 3.3% | |
| 0.8 to 0.9 | 224 | 3.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ENOV?
Enovis Corporation (ENOV) has an average correlation of about 0.11 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is ENOV positively correlated with other stocks?
Mostly yes — 60.3% of pairs are positive and 39.7% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for ENOV?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.9% of all pairs.
Explore the full interactive correlation distribution for ENOV.
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