NVE Corp (NVEC) Correlation Distribution
Across 6,809 rolling correlation observations between NVE Corp (NVEC) and other NASDAQ-listed stocks, 44% are positive and 56% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.012
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44%
- Strong positive (≥0.7)
- 1.6%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 181 | 2.7% | |
| -0.6 to -0.5 | 181 | 2.7% | |
| -0.5 to -0.4 | 687 | 10.1% | |
| -0.4 to -0.3 | 686 | 10.1% | |
| -0.3 to -0.2 | 771 | 11.3% | |
| -0.2 to -0.1 | 771 | 11.3% | |
| -0.1 to 0.0 | 471 | 6.9% | |
| 0.0 to 0.1 | 470 | 6.9% | |
| 0.1 to 0.2 | 387 | 5.7% | |
| 0.2 to 0.3 | 386 | 5.7% | |
| 0.3 to 0.4 | 474 | 7.0% | |
| 0.4 to 0.5 | 474 | 7.0% | |
| 0.5 to 0.6 | 349 | 5.1% | |
| 0.6 to 0.7 | 348 | 5.1% | |
| 0.7 to 0.8 | 55 | 0.8% | |
| 0.8 to 0.9 | 55 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NVEC?
NVE Corp (NVEC) has an average correlation of about -0.012 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NVEC positively correlated with other stocks?
Not predominantly — 44% of pairs are positive and 56% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for NVEC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47.8% of all pairs.
Explore the full interactive correlation distribution for NVEC.
Open interactive dashboard →