LeMaitre Vascular, Inc. (LMAT) Correlation Distribution
Across 6,809 rolling correlation observations between LeMaitre Vascular, Inc. (LMAT) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 15.4%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 123 | 1.8% | |
| -0.8 to -0.7 | 123 | 1.8% | |
| -0.7 to -0.6 | 596 | 8.8% | |
| -0.6 to -0.5 | 596 | 8.8% | |
| -0.5 to -0.4 | 709 | 10.4% | |
| -0.4 to -0.3 | 708 | 10.4% | |
| -0.3 to -0.2 | 401 | 5.9% | |
| -0.2 to -0.1 | 400 | 5.9% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 275 | 4.0% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 243 | 3.6% | |
| 0.4 to 0.5 | 242 | 3.6% | |
| 0.5 to 0.6 | 294 | 4.3% | |
| 0.6 to 0.7 | 294 | 4.3% | |
| 0.7 to 0.8 | 447 | 6.6% | |
| 0.8 to 0.9 | 447 | 6.6% | |
| 0.9 to 1.0 | 157 | 2.3% |
Frequently asked questions
What is the average correlation of LMAT?
LeMaitre Vascular, Inc. (LMAT) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LMAT positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for LMAT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for LMAT.
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