Co-Diagnostics, Inc. Common Stock (CODX) Correlation Distribution
Across 6,809 rolling correlation observations between Co-Diagnostics, Inc. Common Stock (CODX) and other NASDAQ-listed stocks, 63.9% are positive and 36.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.211, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.9% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- 0.211
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.9%
- Strong positive (≥0.7)
- 31.9%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 338 | 5.0% | |
| -0.8 to -0.7 | 338 | 5.0% | |
| -0.7 to -0.6 | 341 | 5.0% | |
| -0.6 to -0.5 | 341 | 5.0% | |
| -0.5 to -0.4 | 233 | 3.4% | |
| -0.4 to -0.3 | 232 | 3.4% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 210 | 3.1% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 453 | 6.7% | |
| 0.7 to 0.8 | 905 | 13.3% | |
| 0.8 to 0.9 | 905 | 13.3% | |
| 0.9 to 1.0 | 360 | 5.3% |
Frequently asked questions
What is the average correlation of CODX?
Co-Diagnostics, Inc. Common Stock (CODX) has an average correlation of about 0.211 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CODX positively correlated with other stocks?
Mostly yes — 63.9% of pairs are positive and 36.1% are negative. Strong positive correlations (≥0.7) make up 31.9%.
What is the most common correlation range for CODX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for CODX.
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