Electromed, Inc. (ELMD) Correlation Distribution
Across 6,809 rolling correlation observations between Electromed, Inc. (ELMD) and other NASDAQ-listed stocks, 42.4% are positive and 57.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- -0.007
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.4%
- Strong positive (≥0.7)
- 8%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.6% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 280 | 4.1% | |
| -0.5 to -0.4 | 725 | 10.6% | |
| -0.4 to -0.3 | 724 | 10.6% | |
| -0.3 to -0.2 | 709 | 10.4% | |
| -0.2 to -0.1 | 709 | 10.4% | |
| -0.1 to 0.0 | 404 | 5.9% | |
| 0.0 to 0.1 | 403 | 5.9% | |
| 0.1 to 0.2 | 324 | 4.8% | |
| 0.2 to 0.3 | 323 | 4.7% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 347 | 5.1% | |
| 0.6 to 0.7 | 346 | 5.1% | |
| 0.7 to 0.8 | 263 | 3.9% | |
| 0.8 to 0.9 | 263 | 3.9% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of ELMD?
Electromed, Inc. (ELMD) has an average correlation of about -0.007 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ELMD positively correlated with other stocks?
Not predominantly — 42.4% of pairs are positive and 57.6% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for ELMD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.2% of all pairs.
Explore the full interactive correlation distribution for ELMD.
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