NextNav Inc. Warrant (NNAVW) Correlation Distribution
Across 6,688 rolling correlation observations between NextNav Inc. Warrant (NNAVW) and other NASDAQ-listed stocks, 47.5% are positive and 52.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.039, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.9% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,688
- Mean correlation
- 0.039
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.5%
- Strong positive (≥0.7)
- 14.9%
- 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 | 135 | 2.0% | |
| -0.8 to -0.7 | 135 | 2.0% | |
| -0.7 to -0.6 | 384 | 5.7% | |
| -0.6 to -0.5 | 383 | 5.7% | |
| -0.5 to -0.4 | 537 | 8.0% | |
| -0.4 to -0.3 | 537 | 8.0% | |
| -0.3 to -0.2 | 530 | 7.9% | |
| -0.2 to -0.1 | 529 | 7.9% | |
| -0.1 to 0.0 | 343 | 5.1% | |
| 0.0 to 0.1 | 342 | 5.1% | |
| 0.1 to 0.2 | 274 | 4.1% | |
| 0.2 to 0.3 | 273 | 4.1% | |
| 0.3 to 0.4 | 274 | 4.1% | |
| 0.4 to 0.5 | 274 | 4.1% | |
| 0.5 to 0.6 | 372 | 5.6% | |
| 0.6 to 0.7 | 371 | 5.5% | |
| 0.7 to 0.8 | 473 | 7.1% | |
| 0.8 to 0.9 | 472 | 7.1% | |
| 0.9 to 1.0 | 49 | 0.7% |
Frequently asked questions
What is the average correlation of NNAVW?
NextNav Inc. Warrant (NNAVW) has an average correlation of about 0.039 with other NASDAQ stocks, based on 6,688 pairwise observations.
Is NNAVW positively correlated with other stocks?
Not predominantly — 47.5% of pairs are positive and 52.5% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for NNAVW?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.3% of all pairs.
Explore the full interactive correlation distribution for NNAVW.
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