Verint Systems Inc (VRNT) Correlation Distribution
Across 6,809 rolling correlation observations between Verint Systems Inc (VRNT) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.205, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.9% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,809
- Mean correlation
- 0.205
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 19.9%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 279 | 4.1% | |
| -0.8 to -0.7 | 278 | 4.1% | |
| -0.7 to -0.6 | 326 | 4.8% | |
| -0.6 to -0.5 | 326 | 4.8% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 234 | 3.4% | |
| -0.3 to -0.2 | 198 | 2.9% | |
| -0.2 to -0.1 | 198 | 2.9% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 389 | 5.7% | |
| 0.4 to 0.5 | 389 | 5.7% | |
| 0.5 to 0.6 | 838 | 12.3% | |
| 0.6 to 0.7 | 837 | 12.3% | |
| 0.7 to 0.8 | 678 | 10.0% | |
| 0.8 to 0.9 | 678 | 10.0% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of VRNT?
Verint Systems Inc (VRNT) has an average correlation of about 0.205 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VRNT positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 19.9%.
What is the most common correlation range for VRNT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for VRNT.
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