Velocity Financial, Inc. (VEL) Correlation Distribution
Across 6,809 rolling correlation observations between Velocity Financial, Inc. (VEL) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.8% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,809
- Mean correlation
- -0.005
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 15.8%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 176 | 2.6% | |
| -0.8 to -0.7 | 175 | 2.6% | |
| -0.7 to -0.6 | 563 | 8.3% | |
| -0.6 to -0.5 | 563 | 8.3% | |
| -0.5 to -0.4 | 580 | 8.5% | |
| -0.4 to -0.3 | 579 | 8.5% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 427 | 6.3% | |
| -0.1 to 0.0 | 282 | 4.1% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 267 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 235 | 3.5% | |
| 0.5 to 0.6 | 331 | 4.9% | |
| 0.6 to 0.7 | 330 | 4.8% | |
| 0.7 to 0.8 | 485 | 7.1% | |
| 0.8 to 0.9 | 485 | 7.1% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of VEL?
Velocity Financial, Inc. (VEL) has an average correlation of about -0.005 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VEL positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 15.8%.
What is the most common correlation range for VEL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for VEL.
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