Nova Lifestyle, Inc. (NVFY) Correlation Distribution
Across 6,803 rolling correlation observations between Nova Lifestyle, Inc. (NVFY) and other NASDAQ-listed stocks, 68.2% are positive and 31.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.3, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.9% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,803
- Mean correlation
- 0.3
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.2%
- Strong positive (≥0.7)
- 38.9%
- Sector
- Household Furniture
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 181 | 2.7% | |
| -0.8 to -0.7 | 181 | 2.7% | |
| -0.7 to -0.6 | 351 | 5.2% | |
| -0.6 to -0.5 | 351 | 5.2% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 243 | 3.6% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 191 | 2.8% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 257 | 3.8% | |
| 0.4 to 0.5 | 256 | 3.8% | |
| 0.5 to 0.6 | 439 | 6.5% | |
| 0.6 to 0.7 | 439 | 6.5% | |
| 0.7 to 0.8 | 980 | 14.4% | |
| 0.8 to 0.9 | 980 | 14.4% | |
| 0.9 to 1.0 | 685 | 10.1% |
Frequently asked questions
What is the average correlation of NVFY?
Nova Lifestyle, Inc. (NVFY) has an average correlation of about 0.3 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is NVFY positively correlated with other stocks?
Mostly yes — 68.2% of pairs are positive and 31.8% are negative. Strong positive correlations (≥0.7) make up 38.9%.
What is the most common correlation range for NVFY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for NVFY.
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