Rave Restaurant Group, Inc. (RAVE) Correlation Distribution
Across 6,809 rolling correlation observations between Rave Restaurant Group, Inc. (RAVE) 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 -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 13.5%
- Sector
- Wholesale-Groceries & Related Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 297 | 4.4% | |
| -0.8 to -0.7 | 297 | 4.4% | |
| -0.7 to -0.6 | 884 | 13.0% | |
| -0.6 to -0.5 | 884 | 13.0% | |
| -0.5 to -0.4 | 532 | 7.8% | |
| -0.4 to -0.3 | 532 | 7.8% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 277 | 4.1% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 220 | 3.2% | |
| 0.4 to 0.5 | 219 | 3.2% | |
| 0.5 to 0.6 | 294 | 4.3% | |
| 0.6 to 0.7 | 293 | 4.3% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of RAVE?
Rave Restaurant Group, Inc. (RAVE) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RAVE 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 13.5%.
What is the most common correlation range for RAVE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for RAVE.
Open interactive dashboard →