FIRSTHAND TEC VAL FUND (SVVC) Correlation Distribution
Across 6,795 rolling correlation observations between FIRSTHAND TEC VAL FUND (SVVC) and other NASDAQ-listed stocks, 68% are positive and 32% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.8% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,795
- Mean correlation
- 0.303
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68%
- Strong positive (≥0.7)
- 41.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 285 | 4.2% | |
| -0.8 to -0.7 | 285 | 4.2% | |
| -0.7 to -0.6 | 289 | 4.3% | |
| -0.6 to -0.5 | 289 | 4.3% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 197 | 2.9% | |
| -0.1 to 0.0 | 192 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 178 | 2.6% | |
| 0.3 to 0.4 | 238 | 3.5% | |
| 0.4 to 0.5 | 237 | 3.5% | |
| 0.5 to 0.6 | 380 | 5.6% | |
| 0.6 to 0.7 | 379 | 5.6% | |
| 0.7 to 0.8 | 961 | 14.1% | |
| 0.8 to 0.9 | 960 | 14.1% | |
| 0.9 to 1.0 | 918 | 13.5% |
Frequently asked questions
What is the average correlation of SVVC?
FIRSTHAND TEC VAL FUND (SVVC) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,795 pairwise observations.
Is SVVC positively correlated with other stocks?
Mostly yes — 68% of pairs are positive and 32% are negative. Strong positive correlations (≥0.7) make up 41.8%.
What is the most common correlation range for SVVC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for SVVC.
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