Stevanato Group S.p.A. (STVN) Correlation Distribution
Across 6,804 rolling correlation observations between Stevanato Group S.p.A. (STVN) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.067, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,804
- Mean correlation
- -0.067
- Most common range
- -0.3 to -0.2
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 1.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 197 | 2.9% | |
| -0.6 to -0.5 | 196 | 2.9% | |
| -0.5 to -0.4 | 518 | 7.6% | |
| -0.4 to -0.3 | 517 | 7.6% | |
| -0.3 to -0.2 | 979 | 14.4% | |
| -0.2 to -0.1 | 978 | 14.4% | |
| -0.1 to 0.0 | 806 | 11.8% | |
| 0.0 to 0.1 | 806 | 11.8% | |
| 0.1 to 0.2 | 432 | 6.3% | |
| 0.2 to 0.3 | 431 | 6.3% | |
| 0.3 to 0.4 | 250 | 3.7% | |
| 0.4 to 0.5 | 249 | 3.7% | |
| 0.5 to 0.6 | 147 | 2.2% | |
| 0.6 to 0.7 | 146 | 2.1% | |
| 0.7 to 0.8 | 47 | 0.7% | |
| 0.8 to 0.9 | 47 | 0.7% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of STVN?
Stevanato Group S.p.A. (STVN) has an average correlation of about -0.067 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is STVN positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for STVN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 65.1% of all pairs.
Explore the full interactive correlation distribution for STVN.
Open interactive dashboard →