Enovix Corporation Common Stock (ENVX) Correlation Distribution
Across 6,804 rolling correlation observations between Enovix Corporation Common Stock (ENVX) and other NASDAQ-listed stocks, 69.7% are positive and 30.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.224, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,804
- Mean correlation
- 0.224
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.7%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 92 | 1.4% | |
| -0.6 to -0.5 | 92 | 1.4% | |
| -0.5 to -0.4 | 446 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 338 | 5.0% | |
| -0.2 to -0.1 | 337 | 5.0% | |
| -0.1 to 0.0 | 310 | 4.6% | |
| 0.0 to 0.1 | 309 | 4.5% | |
| 0.1 to 0.2 | 379 | 5.6% | |
| 0.2 to 0.3 | 378 | 5.6% | |
| 0.3 to 0.4 | 658 | 9.7% | |
| 0.4 to 0.5 | 658 | 9.7% | |
| 0.5 to 0.6 | 1,104 | 16.2% | |
| 0.6 to 0.7 | 1,103 | 16.2% | |
| 0.7 to 0.8 | 77 | 1.1% | |
| 0.8 to 0.9 | 77 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ENVX?
Enovix Corporation Common Stock (ENVX) has an average correlation of about 0.224 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is ENVX positively correlated with other stocks?
Mostly yes — 69.7% of pairs are positive and 30.3% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for ENVX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.1% of all pairs.
Explore the full interactive correlation distribution for ENVX.
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