Inotiv, Inc. Common Stock (NOTV) Correlation Distribution
Across 6,806 rolling correlation observations between Inotiv, Inc. Common Stock (NOTV) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.9% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,806
- Mean correlation
- 0.314
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 34.9%
- Sector
- Services-Commercial Physical & Biological Research
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 121 | 1.8% | |
| -0.8 to -0.7 | 121 | 1.8% | |
| -0.7 to -0.6 | 301 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 247 | 3.6% | |
| -0.3 to -0.2 | 198 | 2.9% | |
| -0.2 to -0.1 | 197 | 2.9% | |
| -0.1 to 0.0 | 202 | 3.0% | |
| 0.0 to 0.1 | 201 | 3.0% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 345 | 5.1% | |
| 0.4 to 0.5 | 344 | 5.1% | |
| 0.5 to 0.6 | 567 | 8.3% | |
| 0.6 to 0.7 | 567 | 8.3% | |
| 0.7 to 0.8 | 1,120 | 16.5% | |
| 0.8 to 0.9 | 1,120 | 16.5% | |
| 0.9 to 1.0 | 135 | 2.0% |
Frequently asked questions
What is the average correlation of NOTV?
Inotiv, Inc. Common Stock (NOTV) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NOTV positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 34.9%.
What is the most common correlation range for NOTV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for NOTV.
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