FNVT (FNVT) Correlation Distribution
Across 6,132 rolling correlation observations between FNVT (FNVT) and other NASDAQ-listed stocks, 34.3% are positive and 65.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.189, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 26.2%.
- Total observations
- 6,132
- Mean correlation
- -0.189
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.3%
- Strong positive (≥0.7)
- 14.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 196 | 3.2% | |
| -0.9 to -0.8 | 705 | 11.5% | |
| -0.8 to -0.7 | 705 | 11.5% | |
| -0.7 to -0.6 | 557 | 9.1% | |
| -0.6 to -0.5 | 557 | 9.1% | |
| -0.5 to -0.4 | 351 | 5.7% | |
| -0.4 to -0.3 | 350 | 5.7% | |
| -0.3 to -0.2 | 219 | 3.6% | |
| -0.2 to -0.1 | 219 | 3.6% | |
| -0.1 to 0.0 | 171 | 2.8% | |
| 0.0 to 0.1 | 170 | 2.8% | |
| 0.1 to 0.2 | 156 | 2.5% | |
| 0.2 to 0.3 | 156 | 2.5% | |
| 0.3 to 0.4 | 166 | 2.7% | |
| 0.4 to 0.5 | 165 | 2.7% | |
| 0.5 to 0.6 | 201 | 3.3% | |
| 0.6 to 0.7 | 200 | 3.3% | |
| 0.7 to 0.8 | 292 | 4.8% | |
| 0.8 to 0.9 | 292 | 4.8% | |
| 0.9 to 1.0 | 304 | 5.0% |
Frequently asked questions
What is the average correlation of FNVT?
FNVT (FNVT) has an average correlation of about -0.189 with other NASDAQ stocks, based on 6,132 pairwise observations.
Is FNVT positively correlated with other stocks?
Not predominantly — 34.3% of pairs are positive and 65.7% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for FNVT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for FNVT.
Open interactive dashboard →