nVent Electric plc Ordinary Shares (NVT) Correlation Distribution
Across 6,809 rolling correlation observations between nVent Electric plc Ordinary Shares (NVT) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.114, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 14.4%.
- Total observations
- 6,809
- Mean correlation
- -0.114
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 16.1%
- Sector
- Special Industry Machinery (No Metalworking Machinery)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 486 | 7.1% | |
| -0.8 to -0.7 | 486 | 7.1% | |
| -0.7 to -0.6 | 840 | 12.3% | |
| -0.6 to -0.5 | 840 | 12.3% | |
| -0.5 to -0.4 | 422 | 6.2% | |
| -0.4 to -0.3 | 421 | 6.2% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 248 | 3.6% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 200 | 2.9% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 202 | 3.0% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 406 | 6.0% | |
| 0.8 to 0.9 | 405 | 5.9% | |
| 0.9 to 1.0 | 286 | 4.2% |
Frequently asked questions
What is the average correlation of NVT?
nVent Electric plc Ordinary Shares (NVT) has an average correlation of about -0.114 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NVT positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for NVT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for NVT.
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