Twin Vee PowerCats Co. Common Stock (VEEE) Correlation Distribution
Across 6,804 rolling correlation observations between Twin Vee PowerCats Co. Common Stock (VEEE) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.243, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.6% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,804
- Mean correlation
- 0.243
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 29.6%
- Sector
- Ship & Boat Building & Repairing
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 345 | 5.1% | |
| -0.8 to -0.7 | 345 | 5.1% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 277 | 4.1% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 198 | 2.9% | |
| -0.3 to -0.2 | 184 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 181 | 2.7% | |
| 0.0 to 0.1 | 180 | 2.6% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 701 | 10.3% | |
| 0.6 to 0.7 | 700 | 10.3% | |
| 0.7 to 0.8 | 965 | 14.2% | |
| 0.8 to 0.9 | 964 | 14.2% | |
| 0.9 to 1.0 | 82 | 1.2% |
Frequently asked questions
What is the average correlation of VEEE?
Twin Vee PowerCats Co. Common Stock (VEEE) has an average correlation of about 0.243 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is VEEE positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 29.6%.
What is the most common correlation range for VEEE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for VEEE.
Open interactive dashboard →