VISA Inc. (V) Correlation Distribution
Across 6,809 rolling correlation observations between VISA Inc. (V) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.039, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,809
- Mean correlation
- -0.039
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 178 | 2.6% | |
| -0.8 to -0.7 | 177 | 2.6% | |
| -0.7 to -0.6 | 530 | 7.8% | |
| -0.6 to -0.5 | 530 | 7.8% | |
| -0.5 to -0.4 | 771 | 11.3% | |
| -0.4 to -0.3 | 770 | 11.3% | |
| -0.3 to -0.2 | 406 | 6.0% | |
| -0.2 to -0.1 | 405 | 5.9% | |
| -0.1 to 0.0 | 279 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 248 | 3.6% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 268 | 3.9% | |
| 0.6 to 0.7 | 267 | 3.9% | |
| 0.7 to 0.8 | 393 | 5.8% | |
| 0.8 to 0.9 | 393 | 5.8% | |
| 0.9 to 1.0 | 207 | 3.0% |
Frequently asked questions
What is the average correlation of V?
VISA Inc. (V) has an average correlation of about -0.039 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is V positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for V?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
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