Zevia PBC (ZVIA) Correlation Distribution
Across 6,804 rolling correlation observations between Zevia PBC (ZVIA) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,804
- Mean correlation
- 0.322
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 34%
- Sector
- Bottled & Canned Soft Drinks & Carbonated Waters
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 81 | 1.2% | |
| -0.8 to -0.7 | 81 | 1.2% | |
| -0.7 to -0.6 | 257 | 3.8% | |
| -0.6 to -0.5 | 256 | 3.8% | |
| -0.5 to -0.4 | 301 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 244 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 354 | 5.2% | |
| 0.5 to 0.6 | 555 | 8.2% | |
| 0.6 to 0.7 | 555 | 8.2% | |
| 0.7 to 0.8 | 944 | 13.9% | |
| 0.8 to 0.9 | 944 | 13.9% | |
| 0.9 to 1.0 | 425 | 6.2% |
Frequently asked questions
What is the average correlation of ZVIA?
Zevia PBC (ZVIA) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is ZVIA positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 34%.
What is the most common correlation range for ZVIA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for ZVIA.
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