Joby Aviation, Inc. (JOBY) Correlation Distribution
Across 6,804 rolling correlation observations between Joby Aviation, Inc. (JOBY) and other NASDAQ-listed stocks, 76.1% are positive and 23.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.201, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,804
- Mean correlation
- 0.201
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.1%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Aircraft
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 26 | 0.4% | |
| -0.6 to -0.5 | 26 | 0.4% | |
| -0.5 to -0.4 | 141 | 2.1% | |
| -0.4 to -0.3 | 140 | 2.1% | |
| -0.3 to -0.2 | 336 | 4.9% | |
| -0.2 to -0.1 | 336 | 4.9% | |
| -0.1 to 0.0 | 622 | 9.1% | |
| 0.0 to 0.1 | 622 | 9.1% | |
| 0.1 to 0.2 | 911 | 13.4% | |
| 0.2 to 0.3 | 910 | 13.4% | |
| 0.3 to 0.4 | 924 | 13.6% | |
| 0.4 to 0.5 | 924 | 13.6% | |
| 0.5 to 0.6 | 418 | 6.1% | |
| 0.6 to 0.7 | 417 | 6.1% | |
| 0.7 to 0.8 | 26 | 0.4% | |
| 0.8 to 0.9 | 25 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of JOBY?
Joby Aviation, Inc. (JOBY) has an average correlation of about 0.201 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is JOBY positively correlated with other stocks?
Mostly yes — 76.1% of pairs are positive and 23.9% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for JOBY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 54.9% of all pairs.
Explore the full interactive correlation distribution for JOBY.
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