Grove Collaborative Holdings, Inc. (GROV) Correlation Distribution
Across 6,666 rolling correlation observations between Grove Collaborative Holdings, Inc. (GROV) and other NASDAQ-listed stocks, 58.1% are positive and 41.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.134, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,666
- Mean correlation
- 0.134
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.1%
- Strong positive (≥0.7)
- 12.8%
- Sector
- Retail-Catalog & Mail-Order Houses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 279 | 4.2% | |
| -0.6 to -0.5 | 278 | 4.2% | |
| -0.5 to -0.4 | 520 | 7.8% | |
| -0.4 to -0.3 | 519 | 7.8% | |
| -0.3 to -0.2 | 408 | 6.1% | |
| -0.2 to -0.1 | 408 | 6.1% | |
| -0.1 to 0.0 | 336 | 5.0% | |
| 0.0 to 0.1 | 335 | 5.0% | |
| 0.1 to 0.2 | 364 | 5.5% | |
| 0.2 to 0.3 | 364 | 5.5% | |
| 0.3 to 0.4 | 446 | 6.7% | |
| 0.4 to 0.5 | 446 | 6.7% | |
| 0.5 to 0.6 | 535 | 8.0% | |
| 0.6 to 0.7 | 535 | 8.0% | |
| 0.7 to 0.8 | 377 | 5.7% | |
| 0.8 to 0.9 | 376 | 5.6% | |
| 0.9 to 1.0 | 97 | 1.5% |
Frequently asked questions
What is the average correlation of GROV?
Grove Collaborative Holdings, Inc. (GROV) has an average correlation of about 0.134 with other NASDAQ stocks, based on 6,666 pairwise observations.
Is GROV positively correlated with other stocks?
Mostly yes — 58.1% of pairs are positive and 41.9% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for GROV?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for GROV.
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