VinFast Auto Ltd. Ordinary Shares (VFS) Correlation Distribution
Across 5,863 rolling correlation observations between VinFast Auto Ltd. Ordinary Shares (VFS) and other NASDAQ-listed stocks, 46.3% are positive and 53.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,863
- Mean correlation
- 0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.3%
- Strong positive (≥0.7)
- 2.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 40 | 0.7% | |
| -0.6 to -0.5 | 40 | 0.7% | |
| -0.5 to -0.4 | 716 | 12.2% | |
| -0.4 to -0.3 | 716 | 12.2% | |
| -0.3 to -0.2 | 620 | 10.6% | |
| -0.2 to -0.1 | 619 | 10.6% | |
| -0.1 to 0.0 | 400 | 6.8% | |
| 0.0 to 0.1 | 400 | 6.8% | |
| 0.1 to 0.2 | 372 | 6.3% | |
| 0.2 to 0.3 | 371 | 6.3% | |
| 0.3 to 0.4 | 392 | 6.7% | |
| 0.4 to 0.5 | 391 | 6.7% | |
| 0.5 to 0.6 | 314 | 5.4% | |
| 0.6 to 0.7 | 313 | 5.3% | |
| 0.7 to 0.8 | 80 | 1.4% | |
| 0.8 to 0.9 | 79 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of VFS?
VinFast Auto Ltd. Ordinary Shares (VFS) has an average correlation of about 0.016 with other NASDAQ stocks, based on 5,863 pairwise observations.
Is VFS positively correlated with other stocks?
Not predominantly — 46.3% of pairs are positive and 53.7% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for VFS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 47.5% of all pairs.
Explore the full interactive correlation distribution for VFS.
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