NAVIGATOR HOLDINGS LTD. (NVGS) Correlation Distribution
Across 6,809 rolling correlation observations between NAVIGATOR HOLDINGS LTD. (NVGS) and other NASDAQ-listed stocks, 36% are positive and 64% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.178, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 22.8%.
- Total observations
- 6,809
- Mean correlation
- -0.178
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36%
- Strong positive (≥0.7)
- 11.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 773 | 11.4% | |
| -0.8 to -0.7 | 773 | 11.4% | |
| -0.7 to -0.6 | 701 | 10.3% | |
| -0.6 to -0.5 | 701 | 10.3% | |
| -0.5 to -0.4 | 347 | 5.1% | |
| -0.4 to -0.3 | 346 | 5.1% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 212 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 216 | 3.2% | |
| 0.4 to 0.5 | 215 | 3.2% | |
| 0.5 to 0.6 | 307 | 4.5% | |
| 0.6 to 0.7 | 307 | 4.5% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 378 | 5.6% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of NVGS?
NAVIGATOR HOLDINGS LTD. (NVGS) has an average correlation of about -0.178 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NVGS positively correlated with other stocks?
Not predominantly — 36% of pairs are positive and 64% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for NVGS?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for NVGS.
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