NVEI (NVEI) Correlation Distribution
Across 6,775 rolling correlation observations between NVEI (NVEI) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.364, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,775
- Mean correlation
- 0.364
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 35.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 161 | 2.4% | |
| -0.6 to -0.5 | 161 | 2.4% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 278 | 4.1% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 4.0% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 348 | 5.1% | |
| 0.4 to 0.5 | 348 | 5.1% | |
| 0.5 to 0.6 | 552 | 8.1% | |
| 0.6 to 0.7 | 552 | 8.1% | |
| 0.7 to 0.8 | 1,031 | 15.2% | |
| 0.8 to 0.9 | 1,030 | 15.2% | |
| 0.9 to 1.0 | 316 | 4.7% |
Frequently asked questions
What is the average correlation of NVEI?
NVEI (NVEI) has an average correlation of about 0.364 with other NASDAQ stocks, based on 6,775 pairwise observations.
Is NVEI positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for NVEI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for NVEI.
Open interactive dashboard →