IVCB (IVCB) Correlation Distribution
Across 6,360 rolling correlation observations between IVCB (IVCB) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.109, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.9% and strong negative correlations (≤−0.7) for 24.5%.
- Total observations
- 6,360
- Mean correlation
- -0.109
- Most common range
- -0.9 to -0.8
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 17.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 211 | 3.3% | |
| -0.9 to -0.8 | 675 | 10.6% | |
| -0.8 to -0.7 | 674 | 10.6% | |
| -0.7 to -0.6 | 466 | 7.3% | |
| -0.6 to -0.5 | 466 | 7.3% | |
| -0.5 to -0.4 | 301 | 4.7% | |
| -0.4 to -0.3 | 301 | 4.7% | |
| -0.3 to -0.2 | 252 | 4.0% | |
| -0.2 to -0.1 | 251 | 3.9% | |
| -0.1 to 0.0 | 190 | 3.0% | |
| 0.0 to 0.1 | 189 | 3.0% | |
| 0.1 to 0.2 | 198 | 3.1% | |
| 0.2 to 0.3 | 198 | 3.1% | |
| 0.3 to 0.4 | 175 | 2.8% | |
| 0.4 to 0.5 | 174 | 2.7% | |
| 0.5 to 0.6 | 250 | 3.9% | |
| 0.6 to 0.7 | 249 | 3.9% | |
| 0.7 to 0.8 | 382 | 6.0% | |
| 0.8 to 0.9 | 381 | 6.0% | |
| 0.9 to 1.0 | 377 | 5.9% |
Frequently asked questions
What is the average correlation of IVCB?
IVCB (IVCB) has an average correlation of about -0.109 with other NASDAQ stocks, based on 6,360 pairwise observations.
Is IVCB positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 17.9%.
What is the most common correlation range for IVCB?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for IVCB.
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