FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) Correlation Distribution
Across 6,809 rolling correlation observations between FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) and other NASDAQ-listed stocks, 62.3% are positive and 37.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.5% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.133
- Most common range
- -0.1 to 0.0
- Positive pairs
- 62.3%
- Strong positive (≥0.7)
- 3.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 106 | 1.6% | |
| -0.6 to -0.5 | 105 | 1.5% | |
| -0.5 to -0.4 | 304 | 4.5% | |
| -0.4 to -0.3 | 303 | 4.4% | |
| -0.3 to -0.2 | 542 | 8.0% | |
| -0.2 to -0.1 | 541 | 7.9% | |
| -0.1 to 0.0 | 637 | 9.4% | |
| 0.0 to 0.1 | 636 | 9.3% | |
| 0.1 to 0.2 | 598 | 8.8% | |
| 0.2 to 0.3 | 597 | 8.8% | |
| 0.3 to 0.4 | 542 | 8.0% | |
| 0.4 to 0.5 | 542 | 8.0% | |
| 0.5 to 0.6 | 546 | 8.0% | |
| 0.6 to 0.7 | 546 | 8.0% | |
| 0.7 to 0.8 | 117 | 1.7% | |
| 0.8 to 0.9 | 117 | 1.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of FINV?
FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FINV positively correlated with other stocks?
Mostly yes — 62.3% of pairs are positive and 37.7% are negative. Strong positive correlations (≥0.7) make up 3.5%.
What is the most common correlation range for FINV?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 52.2% of all pairs.
Explore the full interactive correlation distribution for FINV.
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