Enova International, Inc. (ENVA) Correlation Distribution
Across 6,809 rolling correlation observations between Enova International, Inc. (ENVA) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.2% and strong negative correlations (≤−0.7) for 7.1%.
- Total observations
- 6,809
- Mean correlation
- -0.061
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 17.2%
- Sector
- Personal Credit Institutions
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 241 | 3.5% | |
| -0.8 to -0.7 | 240 | 3.5% | |
| -0.7 to -0.6 | 812 | 11.9% | |
| -0.6 to -0.5 | 811 | 11.9% | |
| -0.5 to -0.4 | 591 | 8.7% | |
| -0.4 to -0.3 | 591 | 8.7% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 216 | 3.2% | |
| 0.4 to 0.5 | 215 | 3.2% | |
| 0.5 to 0.6 | 249 | 3.7% | |
| 0.6 to 0.7 | 249 | 3.7% | |
| 0.7 to 0.8 | 427 | 6.3% | |
| 0.8 to 0.9 | 427 | 6.3% | |
| 0.9 to 1.0 | 316 | 4.6% |
Frequently asked questions
What is the average correlation of ENVA?
Enova International, Inc. (ENVA) has an average correlation of about -0.061 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ENVA positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 17.2%.
What is the most common correlation range for ENVA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for ENVA.
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