Franco-Nevada Corporation (FNV) Correlation Distribution
Across 6,809 rolling correlation observations between Franco-Nevada Corporation (FNV) and other NASDAQ-listed stocks, 60.5% are positive and 39.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.045
- Most common range
- 0.1 to 0.2
- Positive pairs
- 60.5%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 45 | 0.7% | |
| -0.6 to -0.5 | 44 | 0.6% | |
| -0.5 to -0.4 | 231 | 3.4% | |
| -0.4 to -0.3 | 231 | 3.4% | |
| -0.3 to -0.2 | 560 | 8.2% | |
| -0.2 to -0.1 | 559 | 8.2% | |
| -0.1 to 0.0 | 1,013 | 14.9% | |
| 0.0 to 0.1 | 1,013 | 14.9% | |
| 0.1 to 0.2 | 1,238 | 18.2% | |
| 0.2 to 0.3 | 1,237 | 18.2% | |
| 0.3 to 0.4 | 266 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 47 | 0.7% | |
| 0.6 to 0.7 | 46 | 0.7% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 4 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FNV?
Franco-Nevada Corporation (FNV) has an average correlation of about 0.045 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FNV positively correlated with other stocks?
Mostly yes — 60.5% of pairs are positive and 39.5% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for FNV?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 82.5% of all pairs.
Explore the full interactive correlation distribution for FNV.
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