Modular Medical, Inc. Common Stock (MODD) Correlation Distribution
Across 6,768 rolling correlation observations between Modular Medical, Inc. Common Stock (MODD) and other NASDAQ-listed stocks, 65.5% are positive and 34.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,768
- Mean correlation
- 0.233
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 23.7%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 281 | 4.2% | |
| -0.6 to -0.5 | 281 | 4.2% | |
| -0.5 to -0.4 | 376 | 5.6% | |
| -0.4 to -0.3 | 376 | 5.6% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 395 | 5.8% | |
| 0.4 to 0.5 | 394 | 5.8% | |
| 0.5 to 0.6 | 608 | 9.0% | |
| 0.6 to 0.7 | 607 | 9.0% | |
| 0.7 to 0.8 | 796 | 11.8% | |
| 0.8 to 0.9 | 795 | 11.7% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of MODD?
Modular Medical, Inc. Common Stock (MODD) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,768 pairwise observations.
Is MODD positively correlated with other stocks?
Mostly yes — 65.5% of pairs are positive and 34.5% are negative. Strong positive correlations (≥0.7) make up 23.7%.
What is the most common correlation range for MODD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for MODD.
Open interactive dashboard →