Rivian Automotive, Inc. Class A Common Stock (RIVN) Correlation Distribution
Across 6,795 rolling correlation observations between Rivian Automotive, Inc. Class A Common Stock (RIVN) and other NASDAQ-listed stocks, 69.7% are positive and 30.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.5% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,795
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.7%
- Strong positive (≥0.7)
- 31.5%
- Sector
- Motor Vehicles & Passenger Car Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 238 | 3.5% | |
| -0.6 to -0.5 | 238 | 3.5% | |
| -0.5 to -0.4 | 358 | 5.3% | |
| -0.4 to -0.3 | 357 | 5.3% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 564 | 8.3% | |
| 0.6 to 0.7 | 564 | 8.3% | |
| 0.7 to 0.8 | 834 | 12.3% | |
| 0.8 to 0.9 | 833 | 12.3% | |
| 0.9 to 1.0 | 475 | 7.0% |
Frequently asked questions
What is the average correlation of RIVN?
Rivian Automotive, Inc. Class A Common Stock (RIVN) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,795 pairwise observations.
Is RIVN positively correlated with other stocks?
Mostly yes — 69.7% of pairs are positive and 30.3% are negative. Strong positive correlations (≥0.7) make up 31.5%.
What is the most common correlation range for RIVN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for RIVN.
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