IVCP (IVCP) Correlation Distribution
Across 6,145 rolling correlation observations between IVCP (IVCP) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.123, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 22.8%.
- Total observations
- 6,145
- Mean correlation
- -0.123
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 15%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 63 | 1.0% | |
| -0.9 to -0.8 | 669 | 10.9% | |
| -0.8 to -0.7 | 668 | 10.9% | |
| -0.7 to -0.6 | 478 | 7.8% | |
| -0.6 to -0.5 | 477 | 7.8% | |
| -0.5 to -0.4 | 318 | 5.2% | |
| -0.4 to -0.3 | 318 | 5.2% | |
| -0.3 to -0.2 | 257 | 4.2% | |
| -0.2 to -0.1 | 256 | 4.2% | |
| -0.1 to 0.0 | 209 | 3.4% | |
| 0.0 to 0.1 | 209 | 3.4% | |
| 0.1 to 0.2 | 192 | 3.1% | |
| 0.2 to 0.3 | 191 | 3.1% | |
| 0.3 to 0.4 | 198 | 3.2% | |
| 0.4 to 0.5 | 197 | 3.2% | |
| 0.5 to 0.6 | 261 | 4.2% | |
| 0.6 to 0.7 | 261 | 4.2% | |
| 0.7 to 0.8 | 410 | 6.7% | |
| 0.8 to 0.9 | 409 | 6.7% | |
| 0.9 to 1.0 | 104 | 1.7% |
Frequently asked questions
What is the average correlation of IVCP?
IVCP (IVCP) has an average correlation of about -0.123 with other NASDAQ stocks, based on 6,145 pairwise observations.
Is IVCP positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for IVCP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for IVCP.
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