NOVV (NOVV) Correlation Distribution
Across 5,139 rolling correlation observations between NOVV (NOVV) and other NASDAQ-listed stocks, 33.7% are positive and 66.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 5,139
- Mean correlation
- -0.1
- Most common range
- -0.5 to -0.4
- Positive pairs
- 33.7%
- Strong positive (≥0.7)
- 0.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 14 | 0.3% | |
| -0.8 to -0.7 | 14 | 0.3% | |
| -0.7 to -0.6 | 82 | 1.6% | |
| -0.6 to -0.5 | 82 | 1.6% | |
| -0.5 to -0.4 | 961 | 18.7% | |
| -0.4 to -0.3 | 961 | 18.7% | |
| -0.3 to -0.2 | 521 | 10.1% | |
| -0.2 to -0.1 | 520 | 10.1% | |
| -0.1 to 0.0 | 247 | 4.8% | |
| 0.0 to 0.1 | 247 | 4.8% | |
| 0.1 to 0.2 | 214 | 4.2% | |
| 0.2 to 0.3 | 213 | 4.1% | |
| 0.3 to 0.4 | 343 | 6.7% | |
| 0.4 to 0.5 | 342 | 6.7% | |
| 0.5 to 0.6 | 181 | 3.5% | |
| 0.6 to 0.7 | 181 | 3.5% | |
| 0.7 to 0.8 | 3 | 0.1% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of NOVV?
NOVV (NOVV) has an average correlation of about -0.1 with other NASDAQ stocks, based on 5,139 pairwise observations.
Is NOVV positively correlated with other stocks?
Not predominantly — 33.7% of pairs are positive and 66.3% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for NOVV?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.2% of all pairs.
Explore the full interactive correlation distribution for NOVV.
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