Energy Vault Holdings, Inc. (NRGV) Correlation Distribution
Across 6,756 rolling correlation observations between Energy Vault Holdings, Inc. (NRGV) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,756
- Mean correlation
- 0.232
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 26.2%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 65 | 1.0% | |
| -0.7 to -0.6 | 377 | 5.6% | |
| -0.6 to -0.5 | 377 | 5.6% | |
| -0.5 to -0.4 | 357 | 5.3% | |
| -0.4 to -0.3 | 357 | 5.3% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 227 | 3.4% | |
| 0.0 to 0.1 | 227 | 3.4% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 350 | 5.2% | |
| 0.4 to 0.5 | 350 | 5.2% | |
| 0.5 to 0.6 | 560 | 8.3% | |
| 0.6 to 0.7 | 560 | 8.3% | |
| 0.7 to 0.8 | 766 | 11.3% | |
| 0.8 to 0.9 | 766 | 11.3% | |
| 0.9 to 1.0 | 236 | 3.5% |
Frequently asked questions
What is the average correlation of NRGV?
Energy Vault Holdings, Inc. (NRGV) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,756 pairwise observations.
Is NRGV positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for NRGV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for NRGV.
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