Indivior PLC Ordinary Shares (INDV) Correlation Distribution
Across 5,980 rolling correlation observations between Indivior PLC Ordinary Shares (INDV) and other NASDAQ-listed stocks, 47.3% are positive and 52.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.8% and strong negative correlations (≤−0.7) for 18.6%.
- Total observations
- 5,980
- Mean correlation
- -0.026
- Most common range
- -0.9 to -0.8
- Positive pairs
- 47.3%
- Strong positive (≥0.7)
- 17.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 554 | 9.3% | |
| -0.8 to -0.7 | 554 | 9.3% | |
| -0.7 to -0.6 | 431 | 7.2% | |
| -0.6 to -0.5 | 431 | 7.2% | |
| -0.5 to -0.4 | 274 | 4.6% | |
| -0.4 to -0.3 | 274 | 4.6% | |
| -0.3 to -0.2 | 220 | 3.7% | |
| -0.2 to -0.1 | 219 | 3.7% | |
| -0.1 to 0.0 | 186 | 3.1% | |
| 0.0 to 0.1 | 185 | 3.1% | |
| 0.1 to 0.2 | 191 | 3.2% | |
| 0.2 to 0.3 | 190 | 3.2% | |
| 0.3 to 0.4 | 226 | 3.8% | |
| 0.4 to 0.5 | 226 | 3.8% | |
| 0.5 to 0.6 | 375 | 6.3% | |
| 0.6 to 0.7 | 375 | 6.3% | |
| 0.7 to 0.8 | 524 | 8.8% | |
| 0.8 to 0.9 | 523 | 8.7% | |
| 0.9 to 1.0 | 16 | 0.3% |
Frequently asked questions
What is the average correlation of INDV?
Indivior PLC Ordinary Shares (INDV) has an average correlation of about -0.026 with other NASDAQ stocks, based on 5,980 pairwise observations.
Is INDV positively correlated with other stocks?
Not predominantly — 47.3% of pairs are positive and 52.7% are negative. Strong positive correlations (≥0.7) make up 17.8%.
What is the most common correlation range for INDV?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for INDV.
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