Ingevity Corporation (NGVT) Correlation Distribution
Across 6,809 rolling correlation observations between Ingevity Corporation (NGVT) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.214, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- 0.214
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 12.5%
- Sector
- Chemicals & Allied Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 139 | 2.0% | |
| -0.7 to -0.6 | 330 | 4.8% | |
| -0.6 to -0.5 | 330 | 4.8% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 301 | 4.4% | |
| 0.3 to 0.4 | 546 | 8.0% | |
| 0.4 to 0.5 | 545 | 8.0% | |
| 0.5 to 0.6 | 940 | 13.8% | |
| 0.6 to 0.7 | 940 | 13.8% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 421 | 6.2% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of NGVT?
Ingevity Corporation (NGVT) has an average correlation of about 0.214 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NGVT positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for NGVT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for NGVT.
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