NextNav Inc. Common Stock (NN) Correlation Distribution
Across 6,797 rolling correlation observations between NextNav Inc. Common Stock (NN) and other NASDAQ-listed stocks, 58.6% are positive and 41.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.136, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,797
- Mean correlation
- 0.136
- Most common range
- 0.7 to 0.8
- Positive pairs
- 58.6%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Search, Detection, Navagation, Guidance, Aeronautical Sys
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 85 | 1.3% | |
| -0.8 to -0.7 | 84 | 1.2% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 245 | 3.6% | |
| -0.5 to -0.4 | 356 | 5.2% | |
| -0.4 to -0.3 | 355 | 5.2% | |
| -0.3 to -0.2 | 467 | 6.9% | |
| -0.2 to -0.1 | 466 | 6.9% | |
| -0.1 to 0.0 | 507 | 7.5% | |
| 0.0 to 0.1 | 506 | 7.4% | |
| 0.1 to 0.2 | 424 | 6.2% | |
| 0.2 to 0.3 | 423 | 6.2% | |
| 0.3 to 0.4 | 352 | 5.2% | |
| 0.4 to 0.5 | 351 | 5.2% | |
| 0.5 to 0.6 | 435 | 6.4% | |
| 0.6 to 0.7 | 434 | 6.4% | |
| 0.7 to 0.8 | 518 | 7.6% | |
| 0.8 to 0.9 | 517 | 7.6% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of NN?
NextNav Inc. Common Stock (NN) has an average correlation of about 0.136 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is NN positively correlated with other stocks?
Mostly yes — 58.6% of pairs are positive and 41.4% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for NN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 41.1% of all pairs.
Explore the full interactive correlation distribution for NN.
Open interactive dashboard →