EDAP TMS SA (EDAP) Correlation Distribution
Across 6,809 rolling correlation observations between EDAP TMS SA (EDAP) and other NASDAQ-listed stocks, 48.6% are positive and 51.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.1% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,809
- Mean correlation
- -0.016
- Most common range
- -0.1 to 0.0
- Positive pairs
- 48.6%
- Strong positive (≥0.7)
- 3.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 81 | 1.2% | |
| -0.7 to -0.6 | 285 | 4.2% | |
| -0.6 to -0.5 | 285 | 4.2% | |
| -0.5 to -0.4 | 448 | 6.6% | |
| -0.4 to -0.3 | 447 | 6.6% | |
| -0.3 to -0.2 | 543 | 8.0% | |
| -0.2 to -0.1 | 542 | 8.0% | |
| -0.1 to 0.0 | 782 | 11.5% | |
| 0.0 to 0.1 | 781 | 11.5% | |
| 0.1 to 0.2 | 591 | 8.7% | |
| 0.2 to 0.3 | 590 | 8.7% | |
| 0.3 to 0.4 | 345 | 5.1% | |
| 0.4 to 0.5 | 345 | 5.1% | |
| 0.5 to 0.6 | 224 | 3.3% | |
| 0.6 to 0.7 | 223 | 3.3% | |
| 0.7 to 0.8 | 99 | 1.5% | |
| 0.8 to 0.9 | 98 | 1.4% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of EDAP?
EDAP TMS SA (EDAP) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EDAP positively correlated with other stocks?
Not predominantly — 48.6% of pairs are positive and 51.4% are negative. Strong positive correlations (≥0.7) make up 3.1%.
What is the most common correlation range for EDAP?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 56.2% of all pairs.
Explore the full interactive correlation distribution for EDAP.
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