Fonar Corporation (FONR) Correlation Distribution
Across 6,809 rolling correlation observations between Fonar Corporation (FONR) and other NASDAQ-listed stocks, 52.6% are positive and 47.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.006
- Most common range
- 0.1 to 0.2
- Positive pairs
- 52.6%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 188 | 2.8% | |
| -0.6 to -0.5 | 187 | 2.7% | |
| -0.5 to -0.4 | 543 | 8.0% | |
| -0.4 to -0.3 | 542 | 8.0% | |
| -0.3 to -0.2 | 511 | 7.5% | |
| -0.2 to -0.1 | 510 | 7.5% | |
| -0.1 to 0.0 | 740 | 10.9% | |
| 0.0 to 0.1 | 740 | 10.9% | |
| 0.1 to 0.2 | 747 | 11.0% | |
| 0.2 to 0.3 | 746 | 11.0% | |
| 0.3 to 0.4 | 501 | 7.4% | |
| 0.4 to 0.5 | 501 | 7.4% | |
| 0.5 to 0.6 | 164 | 2.4% | |
| 0.6 to 0.7 | 164 | 2.4% | |
| 0.7 to 0.8 | 8 | 0.1% | |
| 0.8 to 0.9 | 8 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FONR?
Fonar Corporation (FONR) has an average correlation of about 0.006 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FONR positively correlated with other stocks?
Mostly yes — 52.6% of pairs are positive and 47.4% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for FONR?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 58.7% of all pairs.
Explore the full interactive correlation distribution for FONR.
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