Servotronics, Inc. (SVT) Correlation Distribution
Across 6,724 rolling correlation observations between Servotronics, Inc. (SVT) and other NASDAQ-listed stocks, 42.8% are positive and 57.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,724
- Mean correlation
- -0.034
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.8%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Cutlery, Handtools & General Hardware
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 94 | 1.4% | |
| -0.6 to -0.5 | 94 | 1.4% | |
| -0.5 to -0.4 | 462 | 6.9% | |
| -0.4 to -0.3 | 462 | 6.9% | |
| -0.3 to -0.2 | 1,001 | 14.9% | |
| -0.2 to -0.1 | 1,001 | 14.9% | |
| -0.1 to 0.0 | 690 | 10.3% | |
| 0.0 to 0.1 | 689 | 10.2% | |
| 0.1 to 0.2 | 550 | 8.2% | |
| 0.2 to 0.3 | 549 | 8.2% | |
| 0.3 to 0.4 | 464 | 6.9% | |
| 0.4 to 0.5 | 464 | 6.9% | |
| 0.5 to 0.6 | 70 | 1.0% | |
| 0.6 to 0.7 | 70 | 1.0% | |
| 0.7 to 0.8 | 9 | 0.1% | |
| 0.8 to 0.9 | 9 | 0.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SVT?
Servotronics, Inc. (SVT) has an average correlation of about -0.034 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is SVT positively correlated with other stocks?
Not predominantly — 42.8% of pairs are positive and 57.2% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for SVT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 66.6% of all pairs.
Explore the full interactive correlation distribution for SVT.
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