Red Violet, Inc. Common Stock (RDVT) Correlation Distribution
Across 6,809 rolling correlation observations between Red Violet, Inc. Common Stock (RDVT) and other NASDAQ-listed stocks, 61.6% are positive and 38.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.13, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.13
- Most common range
- -0.1 to 0.0
- Positive pairs
- 61.6%
- Strong positive (≥0.7)
- 4.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 89 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 245 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 578 | 8.5% | |
| -0.2 to -0.1 | 577 | 8.5% | |
| -0.1 to 0.0 | 753 | 11.1% | |
| 0.0 to 0.1 | 753 | 11.1% | |
| 0.1 to 0.2 | 594 | 8.7% | |
| 0.2 to 0.3 | 593 | 8.7% | |
| 0.3 to 0.4 | 498 | 7.3% | |
| 0.4 to 0.5 | 498 | 7.3% | |
| 0.5 to 0.6 | 470 | 6.9% | |
| 0.6 to 0.7 | 470 | 6.9% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 155 | 2.3% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of RDVT?
Red Violet, Inc. Common Stock (RDVT) has an average correlation of about 0.13 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RDVT positively correlated with other stocks?
Mostly yes — 61.6% of pairs are positive and 38.4% are negative. Strong positive correlations (≥0.7) make up 4.7%.
What is the most common correlation range for RDVT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 56.5% of all pairs.
Explore the full interactive correlation distribution for RDVT.
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