Novartis AG (NVS) Correlation Distribution
Across 6,809 rolling correlation observations between Novartis AG (NVS) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.093, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.7% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,809
- Mean correlation
- -0.093
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 9.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 156 | 2.3% | |
| -0.8 to -0.7 | 155 | 2.3% | |
| -0.7 to -0.6 | 646 | 9.5% | |
| -0.6 to -0.5 | 645 | 9.5% | |
| -0.5 to -0.4 | 806 | 11.8% | |
| -0.4 to -0.3 | 806 | 11.8% | |
| -0.3 to -0.2 | 418 | 6.1% | |
| -0.2 to -0.1 | 417 | 6.1% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 231 | 3.4% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 246 | 3.6% | |
| 0.5 to 0.6 | 321 | 4.7% | |
| 0.6 to 0.7 | 320 | 4.7% | |
| 0.7 to 0.8 | 330 | 4.8% | |
| 0.8 to 0.9 | 329 | 4.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NVS?
Novartis AG (NVS) has an average correlation of about -0.093 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NVS positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 9.7%.
What is the most common correlation range for NVS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for NVS.
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