Domo, Inc. Class B Common Stock (DOMO) Correlation Distribution
Across 6,809 rolling correlation observations between Domo, Inc. Class B Common Stock (DOMO) 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 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.7% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 38.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 324 | 4.8% | |
| -0.6 to -0.5 | 323 | 4.7% | |
| -0.5 to -0.4 | 258 | 3.8% | |
| -0.4 to -0.3 | 257 | 3.8% | |
| -0.3 to -0.2 | 212 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 284 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 489 | 7.2% | |
| 0.6 to 0.7 | 489 | 7.2% | |
| 0.7 to 0.8 | 1,010 | 14.8% | |
| 0.8 to 0.9 | 1,010 | 14.8% | |
| 0.9 to 1.0 | 614 | 9.0% |
Frequently asked questions
What is the average correlation of DOMO?
Domo, Inc. Class B Common Stock (DOMO) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DOMO 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 38.7%.
What is the most common correlation range for DOMO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for DOMO.
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