LENSAR, Inc. Common Stock (LNSR) Correlation Distribution
Across 6,808 rolling correlation observations between LENSAR, Inc. Common Stock (LNSR) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.152, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,808
- Mean correlation
- 0.152
- Most common range
- 0.1 to 0.2
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 7%
- 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 | 69 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 168 | 2.5% | |
| -0.6 to -0.5 | 168 | 2.5% | |
| -0.5 to -0.4 | 245 | 3.6% | |
| -0.4 to -0.3 | 244 | 3.6% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 306 | 4.5% | |
| -0.1 to 0.0 | 510 | 7.5% | |
| 0.0 to 0.1 | 510 | 7.5% | |
| 0.1 to 0.2 | 850 | 12.5% | |
| 0.2 to 0.3 | 850 | 12.5% | |
| 0.3 to 0.4 | 696 | 10.2% | |
| 0.4 to 0.5 | 696 | 10.2% | |
| 0.5 to 0.6 | 322 | 4.7% | |
| 0.6 to 0.7 | 322 | 4.7% | |
| 0.7 to 0.8 | 234 | 3.4% | |
| 0.8 to 0.9 | 234 | 3.4% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of LNSR?
LENSAR, Inc. Common Stock (LNSR) has an average correlation of about 0.152 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is LNSR positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 7%.
What is the most common correlation range for LNSR?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 48.9% of all pairs.
Explore the full interactive correlation distribution for LNSR.
Open interactive dashboard →