DOMA (DOMA) Correlation Distribution
Across 6,768 rolling correlation observations between DOMA (DOMA) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.405, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 44.5% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,768
- Mean correlation
- 0.405
- Most common range
- 0.9 to 1.0
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 44.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 251 | 3.7% | |
| -0.6 to -0.5 | 250 | 3.7% | |
| -0.5 to -0.4 | 228 | 3.4% | |
| -0.4 to -0.3 | 228 | 3.4% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 178 | 2.6% | |
| 0.0 to 0.1 | 177 | 2.6% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 434 | 6.4% | |
| 0.6 to 0.7 | 434 | 6.4% | |
| 0.7 to 0.8 | 852 | 12.6% | |
| 0.8 to 0.9 | 852 | 12.6% | |
| 0.9 to 1.0 | 1,305 | 19.3% |
Frequently asked questions
What is the average correlation of DOMA?
DOMA (DOMA) has an average correlation of about 0.405 with other NASDAQ stocks, based on 6,768 pairwise observations.
Is DOMA positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 44.5%.
What is the most common correlation range for DOMA?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for DOMA.
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