INNOVATE Corp. (VATE) Correlation Distribution
Across 6,802 rolling correlation observations between INNOVATE Corp. (VATE) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.271, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.9% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,802
- Mean correlation
- 0.271
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 30.9%
- Sector
- Fabricated Structural Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 125 | 1.8% | |
| -0.8 to -0.7 | 125 | 1.8% | |
| -0.7 to -0.6 | 361 | 5.3% | |
| -0.6 to -0.5 | 360 | 5.3% | |
| -0.5 to -0.4 | 262 | 3.9% | |
| -0.4 to -0.3 | 262 | 3.9% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 315 | 4.6% | |
| 0.4 to 0.5 | 314 | 4.6% | |
| 0.5 to 0.6 | 618 | 9.1% | |
| 0.6 to 0.7 | 617 | 9.1% | |
| 0.7 to 0.8 | 1,036 | 15.2% | |
| 0.8 to 0.9 | 1,036 | 15.2% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of VATE?
INNOVATE Corp. (VATE) has an average correlation of about 0.271 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is VATE positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 30.9%.
What is the most common correlation range for VATE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for VATE.
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