Iveda Solutions, Inc. Common Stock (IVDA) Correlation Distribution
Across 6,784 rolling correlation observations between Iveda Solutions, Inc. Common Stock (IVDA) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.274, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,784
- Mean correlation
- 0.274
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 18.9%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 70 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 382 | 5.6% | |
| -0.4 to -0.3 | 381 | 5.6% | |
| -0.3 to -0.2 | 404 | 6.0% | |
| -0.2 to -0.1 | 404 | 6.0% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 314 | 4.6% | |
| 0.1 to 0.2 | 350 | 5.2% | |
| 0.2 to 0.3 | 349 | 5.1% | |
| 0.3 to 0.4 | 494 | 7.3% | |
| 0.4 to 0.5 | 493 | 7.3% | |
| 0.5 to 0.6 | 719 | 10.6% | |
| 0.6 to 0.7 | 719 | 10.6% | |
| 0.7 to 0.8 | 588 | 8.7% | |
| 0.8 to 0.9 | 587 | 8.7% | |
| 0.9 to 1.0 | 107 | 1.6% |
Frequently asked questions
What is the average correlation of IVDA?
Iveda Solutions, Inc. Common Stock (IVDA) has an average correlation of about 0.274 with other NASDAQ stocks, based on 6,784 pairwise observations.
Is IVDA positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 18.9%.
What is the most common correlation range for IVDA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for IVDA.
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