Identive, Inc. (INVE) Correlation Distribution
Across 6,809 rolling correlation observations between Identive, Inc. (INVE) and other NASDAQ-listed stocks, 70.7% are positive and 29.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.258, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,809
- Mean correlation
- 0.258
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.7%
- Strong positive (≥0.7)
- 20%
- Sector
- Computer Peripheral Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 100 | 1.5% | |
| -0.8 to -0.7 | 100 | 1.5% | |
| -0.7 to -0.6 | 233 | 3.4% | |
| -0.6 to -0.5 | 233 | 3.4% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 242 | 3.6% | |
| -0.2 to -0.1 | 241 | 3.5% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 362 | 5.3% | |
| 0.2 to 0.3 | 361 | 5.3% | |
| 0.3 to 0.4 | 496 | 7.3% | |
| 0.4 to 0.5 | 496 | 7.3% | |
| 0.5 to 0.6 | 730 | 10.7% | |
| 0.6 to 0.7 | 729 | 10.7% | |
| 0.7 to 0.8 | 647 | 9.5% | |
| 0.8 to 0.9 | 646 | 9.5% | |
| 0.9 to 1.0 | 72 | 1.1% |
Frequently asked questions
What is the average correlation of INVE?
Identive, Inc. (INVE) has an average correlation of about 0.258 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is INVE positively correlated with other stocks?
Mostly yes — 70.7% of pairs are positive and 29.3% are negative. Strong positive correlations (≥0.7) make up 20%.
What is the most common correlation range for INVE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for INVE.
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