NovoCure Limited Ordinary Shares (NVCR) Correlation Distribution
Across 6,809 rolling correlation observations between NovoCure Limited Ordinary Shares (NVCR) and other NASDAQ-listed stocks, 68% are positive and 32% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.3% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- 0.262
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68%
- Strong positive (≥0.7)
- 32.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 197 | 2.9% | |
| -0.8 to -0.7 | 197 | 2.9% | |
| -0.7 to -0.6 | 335 | 4.9% | |
| -0.6 to -0.5 | 335 | 4.9% | |
| -0.5 to -0.4 | 232 | 3.4% | |
| -0.4 to -0.3 | 231 | 3.4% | |
| -0.3 to -0.2 | 214 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 316 | 4.6% | |
| 0.5 to 0.6 | 546 | 8.0% | |
| 0.6 to 0.7 | 545 | 8.0% | |
| 0.7 to 0.8 | 1,058 | 15.5% | |
| 0.8 to 0.9 | 1,058 | 15.5% | |
| 0.9 to 1.0 | 83 | 1.2% |
Frequently asked questions
What is the average correlation of NVCR?
NovoCure Limited Ordinary Shares (NVCR) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NVCR positively correlated with other stocks?
Mostly yes — 68% of pairs are positive and 32% are negative. Strong positive correlations (≥0.7) make up 32.3%.
What is the most common correlation range for NVCR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for NVCR.
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