InnovAge Holding Corp. Common Stock (INNV) Correlation Distribution
Across 6,806 rolling correlation observations between InnovAge Holding Corp. Common Stock (INNV) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.25, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,806
- Mean correlation
- 0.25
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 19%
- Sector
- Services-Health Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 382 | 5.6% | |
| -0.4 to -0.3 | 382 | 5.6% | |
| -0.3 to -0.2 | 331 | 4.9% | |
| -0.2 to -0.1 | 331 | 4.9% | |
| -0.1 to 0.0 | 355 | 5.2% | |
| 0.0 to 0.1 | 355 | 5.2% | |
| 0.1 to 0.2 | 341 | 5.0% | |
| 0.2 to 0.3 | 341 | 5.0% | |
| 0.3 to 0.4 | 465 | 6.8% | |
| 0.4 to 0.5 | 464 | 6.8% | |
| 0.5 to 0.6 | 689 | 10.1% | |
| 0.6 to 0.7 | 688 | 10.1% | |
| 0.7 to 0.8 | 576 | 8.5% | |
| 0.8 to 0.9 | 575 | 8.4% | |
| 0.9 to 1.0 | 140 | 2.1% |
Frequently asked questions
What is the average correlation of INNV?
InnovAge Holding Corp. Common Stock (INNV) has an average correlation of about 0.25 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is INNV positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 19%.
What is the most common correlation range for INNV?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.2% of all pairs.
Explore the full interactive correlation distribution for INNV.
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