NAVIDEA BIOPHARMS INC (NAVB) Correlation Distribution
Across 6,803 rolling correlation observations between NAVIDEA BIOPHARMS INC (NAVB) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.209, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.2% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,803
- Mean correlation
- 0.209
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 32.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 340 | 5.0% | |
| -0.8 to -0.7 | 339 | 5.0% | |
| -0.7 to -0.6 | 348 | 5.1% | |
| -0.6 to -0.5 | 347 | 5.1% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 220 | 3.2% | |
| 0.3 to 0.4 | 276 | 4.1% | |
| 0.4 to 0.5 | 276 | 4.1% | |
| 0.5 to 0.6 | 446 | 6.6% | |
| 0.6 to 0.7 | 445 | 6.5% | |
| 0.7 to 0.8 | 803 | 11.8% | |
| 0.8 to 0.9 | 803 | 11.8% | |
| 0.9 to 1.0 | 582 | 8.6% |
Frequently asked questions
What is the average correlation of NAVB?
NAVIDEA BIOPHARMS INC (NAVB) has an average correlation of about 0.209 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is NAVB positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 32.2%.
What is the most common correlation range for NAVB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for NAVB.
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