Swvl Holdings Corp Class A Common Shares (SWVL) Correlation Distribution
Across 6,724 rolling correlation observations between Swvl Holdings Corp Class A Common Shares (SWVL) and other NASDAQ-listed stocks, 62% are positive and 38% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.178, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,724
- Mean correlation
- 0.178
- Most common range
- 0.5 to 0.6
- Positive pairs
- 62%
- Strong positive (≥0.7)
- 13.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 171 | 2.5% | |
| -0.6 to -0.5 | 171 | 2.5% | |
| -0.5 to -0.4 | 483 | 7.2% | |
| -0.4 to -0.3 | 482 | 7.2% | |
| -0.3 to -0.2 | 447 | 6.6% | |
| -0.2 to -0.1 | 446 | 6.6% | |
| -0.1 to 0.0 | 345 | 5.1% | |
| 0.0 to 0.1 | 345 | 5.1% | |
| 0.1 to 0.2 | 386 | 5.7% | |
| 0.2 to 0.3 | 386 | 5.7% | |
| 0.3 to 0.4 | 509 | 7.6% | |
| 0.4 to 0.5 | 508 | 7.6% | |
| 0.5 to 0.6 | 567 | 8.4% | |
| 0.6 to 0.7 | 566 | 8.4% | |
| 0.7 to 0.8 | 419 | 6.2% | |
| 0.8 to 0.9 | 419 | 6.2% | |
| 0.9 to 1.0 | 64 | 1.0% |
Frequently asked questions
What is the average correlation of SWVL?
Swvl Holdings Corp Class A Common Shares (SWVL) has an average correlation of about 0.178 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is SWVL positively correlated with other stocks?
Mostly yes — 62% of pairs are positive and 38% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for SWVL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35% of all pairs.
Explore the full interactive correlation distribution for SWVL.
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