FNVTU (FNVTU) Correlation Distribution
Across 5,590 rolling correlation observations between FNVTU (FNVTU) and other NASDAQ-listed stocks, 30.4% are positive and 69.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.18, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 5,590
- Mean correlation
- -0.18
- Most common range
- -0.5 to -0.4
- Positive pairs
- 30.4%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 191 | 3.4% | |
| -0.8 to -0.7 | 190 | 3.4% | |
| -0.7 to -0.6 | 676 | 12.1% | |
| -0.6 to -0.5 | 675 | 12.1% | |
| -0.5 to -0.4 | 692 | 12.4% | |
| -0.4 to -0.3 | 691 | 12.4% | |
| -0.3 to -0.2 | 286 | 5.1% | |
| -0.2 to -0.1 | 285 | 5.1% | |
| -0.1 to 0.0 | 206 | 3.7% | |
| 0.0 to 0.1 | 206 | 3.7% | |
| 0.1 to 0.2 | 174 | 3.1% | |
| 0.2 to 0.3 | 174 | 3.1% | |
| 0.3 to 0.4 | 166 | 3.0% | |
| 0.4 to 0.5 | 166 | 3.0% | |
| 0.5 to 0.6 | 184 | 3.3% | |
| 0.6 to 0.7 | 184 | 3.3% | |
| 0.7 to 0.8 | 222 | 4.0% | |
| 0.8 to 0.9 | 221 | 4.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of FNVTU?
FNVTU (FNVTU) has an average correlation of about -0.18 with other NASDAQ stocks, based on 5,590 pairwise observations.
Is FNVTU positively correlated with other stocks?
Not predominantly — 30.4% of pairs are positive and 69.6% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for FNVTU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for FNVTU.
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