Evolent Health, Inc Class A Common Stock (EVH) Correlation Distribution
Across 6,809 rolling correlation observations between Evolent Health, Inc Class A Common Stock (EVH) and other NASDAQ-listed stocks, 44.7% are positive and 55.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- -0.037
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.7%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Services-Management Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 108 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 245 | 3.6% | |
| -0.6 to -0.5 | 244 | 3.6% | |
| -0.5 to -0.4 | 502 | 7.4% | |
| -0.4 to -0.3 | 501 | 7.4% | |
| -0.3 to -0.2 | 695 | 10.2% | |
| -0.2 to -0.1 | 694 | 10.2% | |
| -0.1 to 0.0 | 669 | 9.8% | |
| 0.0 to 0.1 | 668 | 9.8% | |
| 0.1 to 0.2 | 514 | 7.5% | |
| 0.2 to 0.3 | 514 | 7.5% | |
| 0.3 to 0.4 | 365 | 5.4% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 64 | 0.9% | |
| 0.8 to 0.9 | 63 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EVH?
Evolent Health, Inc Class A Common Stock (EVH) has an average correlation of about -0.037 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EVH positively correlated with other stocks?
Not predominantly — 44.7% of pairs are positive and 55.3% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for EVH?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.1% of all pairs.
Explore the full interactive correlation distribution for EVH.
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