ModivCare Inc. Common Stock (MODV) Correlation Distribution
Across 6,808 rolling correlation observations between ModivCare Inc. Common Stock (MODV) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 39.6% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,808
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 39.6%
- Sector
- Transportation Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 103 | 1.5% | |
| -0.9 to -0.8 | 343 | 5.0% | |
| -0.8 to -0.7 | 342 | 5.0% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 246 | 3.6% | |
| -0.5 to -0.4 | 170 | 2.5% | |
| -0.4 to -0.3 | 170 | 2.5% | |
| -0.3 to -0.2 | 161 | 2.4% | |
| -0.2 to -0.1 | 161 | 2.4% | |
| -0.1 to 0.0 | 172 | 2.5% | |
| 0.0 to 0.1 | 171 | 2.5% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 243 | 3.6% | |
| 0.4 to 0.5 | 242 | 3.6% | |
| 0.5 to 0.6 | 484 | 7.1% | |
| 0.6 to 0.7 | 484 | 7.1% | |
| 0.7 to 0.8 | 1,154 | 17.0% | |
| 0.8 to 0.9 | 1,154 | 17.0% | |
| 0.9 to 1.0 | 387 | 5.7% |
Frequently asked questions
What is the average correlation of MODV?
ModivCare Inc. Common Stock (MODV) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MODV positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 39.6%.
What is the most common correlation range for MODV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.3% of all pairs.
Explore the full interactive correlation distribution for MODV.
Open interactive dashboard →