Masimo Corporation (MASI) Correlation Distribution
Across 6,809 rolling correlation observations between Masimo Corporation (MASI) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.268
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 26.2%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 237 | 3.5% | |
| -0.6 to -0.5 | 236 | 3.5% | |
| -0.5 to -0.4 | 328 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 293 | 4.3% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 365 | 5.4% | |
| 0.4 to 0.5 | 365 | 5.4% | |
| 0.5 to 0.6 | 603 | 8.9% | |
| 0.6 to 0.7 | 602 | 8.8% | |
| 0.7 to 0.8 | 883 | 13.0% | |
| 0.8 to 0.9 | 883 | 13.0% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of MASI?
Masimo Corporation (MASI) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MASI positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for MASI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.2% of all pairs.
Explore the full interactive correlation distribution for MASI.
Open interactive dashboard →