enVVeno Medical Corporation Common Stock (NVNO) Correlation Distribution
Across 6,800 rolling correlation observations between enVVeno Medical Corporation Common Stock (NVNO) and other NASDAQ-listed stocks, 68% are positive and 32% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.207, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,800
- Mean correlation
- 0.207
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 186 | 2.7% | |
| -0.6 to -0.5 | 186 | 2.7% | |
| -0.5 to -0.4 | 421 | 6.2% | |
| -0.4 to -0.3 | 421 | 6.2% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 311 | 4.6% | |
| 0.1 to 0.2 | 380 | 5.6% | |
| 0.2 to 0.3 | 379 | 5.6% | |
| 0.3 to 0.4 | 607 | 8.9% | |
| 0.4 to 0.5 | 607 | 8.9% | |
| 0.5 to 0.6 | 1,013 | 14.9% | |
| 0.6 to 0.7 | 1,013 | 14.9% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 156 | 2.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NVNO?
enVVeno Medical Corporation Common Stock (NVNO) has an average correlation of about 0.207 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is NVNO positively correlated with other stocks?
Mostly yes — 68% of pairs are positive and 32% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for NVNO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.9% of all pairs.
Explore the full interactive correlation distribution for NVNO.
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