Iveda Solutions, Inc. Warrant (IVDAW) Correlation Distribution
Across 5,936 rolling correlation observations between Iveda Solutions, Inc. Warrant (IVDAW) and other NASDAQ-listed stocks, 62.8% are positive and 37.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.156, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,936
- Mean correlation
- 0.156
- Most common range
- 0.5 to 0.6
- Positive pairs
- 62.8%
- Strong positive (≥0.7)
- 5.3%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 261 | 4.4% | |
| -0.6 to -0.5 | 260 | 4.4% | |
| -0.5 to -0.4 | 411 | 6.9% | |
| -0.4 to -0.3 | 411 | 6.9% | |
| -0.3 to -0.2 | 294 | 5.0% | |
| -0.2 to -0.1 | 294 | 5.0% | |
| -0.1 to 0.0 | 276 | 4.6% | |
| 0.0 to 0.1 | 275 | 4.6% | |
| 0.1 to 0.2 | 329 | 5.5% | |
| 0.2 to 0.3 | 329 | 5.5% | |
| 0.3 to 0.4 | 461 | 7.8% | |
| 0.4 to 0.5 | 460 | 7.7% | |
| 0.5 to 0.6 | 778 | 13.1% | |
| 0.6 to 0.7 | 777 | 13.1% | |
| 0.7 to 0.8 | 159 | 2.7% | |
| 0.8 to 0.9 | 158 | 2.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of IVDAW?
Iveda Solutions, Inc. Warrant (IVDAW) has an average correlation of about 0.156 with other NASDAQ stocks, based on 5,936 pairwise observations.
Is IVDAW positively correlated with other stocks?
Mostly yes — 62.8% of pairs are positive and 37.2% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for IVDAW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.3% of all pairs.
Explore the full interactive correlation distribution for IVDAW.
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