Navient Corporation (NAVI) Correlation Distribution
Across 6,809 rolling correlation observations between Navient Corporation (NAVI) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.17, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.17
- Most common range
- 0.1 to 0.2
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Security Brokers, Dealers & Flotation Companies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 106 | 1.6% | |
| -0.6 to -0.5 | 106 | 1.6% | |
| -0.5 to -0.4 | 224 | 3.3% | |
| -0.4 to -0.3 | 224 | 3.3% | |
| -0.3 to -0.2 | 404 | 5.9% | |
| -0.2 to -0.1 | 404 | 5.9% | |
| -0.1 to 0.0 | 654 | 9.6% | |
| 0.0 to 0.1 | 653 | 9.6% | |
| 0.1 to 0.2 | 687 | 10.1% | |
| 0.2 to 0.3 | 687 | 10.1% | |
| 0.3 to 0.4 | 650 | 9.5% | |
| 0.4 to 0.5 | 649 | 9.5% | |
| 0.5 to 0.6 | 521 | 7.7% | |
| 0.6 to 0.7 | 520 | 7.6% | |
| 0.7 to 0.8 | 143 | 2.1% | |
| 0.8 to 0.9 | 143 | 2.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NAVI?
Navient Corporation (NAVI) has an average correlation of about 0.17 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NAVI positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for NAVI?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 51.2% of all pairs.
Explore the full interactive correlation distribution for NAVI.
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