InMode Ltd. Ordinary Shares (INMD) Correlation Distribution
Across 6,809 rolling correlation observations between InMode Ltd. Ordinary Shares (INMD) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.254
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 12.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 128 | 1.9% | |
| -0.6 to -0.5 | 127 | 1.9% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 320 | 4.7% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 343 | 5.0% | |
| 0.0 to 0.1 | 342 | 5.0% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 637 | 9.4% | |
| 0.4 to 0.5 | 637 | 9.4% | |
| 0.5 to 0.6 | 780 | 11.5% | |
| 0.6 to 0.7 | 779 | 11.4% | |
| 0.7 to 0.8 | 414 | 6.1% | |
| 0.8 to 0.9 | 413 | 6.1% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of INMD?
InMode Ltd. Ordinary Shares (INMD) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is INMD positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for INMD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for INMD.
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