Coherent Corp. (COHR) Correlation Distribution
Across 6,784 rolling correlation observations between Coherent Corp. (COHR) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.4% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,784
- Mean correlation
- 0.299
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 27.4%
- Sector
- Optical Instruments & Lenses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 56 | 0.8% | |
| -0.7 to -0.6 | 214 | 3.2% | |
| -0.6 to -0.5 | 214 | 3.2% | |
| -0.5 to -0.4 | 353 | 5.2% | |
| -0.4 to -0.3 | 353 | 5.2% | |
| -0.3 to -0.2 | 259 | 3.8% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 710 | 10.5% | |
| 0.6 to 0.7 | 710 | 10.5% | |
| 0.7 to 0.8 | 895 | 13.2% | |
| 0.8 to 0.9 | 895 | 13.2% | |
| 0.9 to 1.0 | 68 | 1.0% |
Frequently asked questions
What is the average correlation of COHR?
Coherent Corp. (COHR) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,784 pairwise observations.
Is COHR positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 27.4%.
What is the most common correlation range for COHR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for COHR.
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