Myomo Inc. (MYO) Correlation Distribution
Across 6,809 rolling correlation observations between Myomo Inc. (MYO) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 24.6% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 24.6%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 55 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 145 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 230 | 3.4% | |
| -0.4 to -0.3 | 229 | 3.4% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 346 | 5.1% | |
| 0.0 to 0.1 | 345 | 5.1% | |
| 0.1 to 0.2 | 349 | 5.1% | |
| 0.2 to 0.3 | 348 | 5.1% | |
| 0.3 to 0.4 | 426 | 6.3% | |
| 0.4 to 0.5 | 425 | 6.2% | |
| 0.5 to 0.6 | 698 | 10.3% | |
| 0.6 to 0.7 | 697 | 10.2% | |
| 0.7 to 0.8 | 803 | 11.8% | |
| 0.8 to 0.9 | 803 | 11.8% | |
| 0.9 to 1.0 | 71 | 1.0% |
Frequently asked questions
What is the average correlation of MYO?
Myomo Inc. (MYO) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MYO positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 24.6%.
What is the most common correlation range for MYO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.7% of all pairs.
Explore the full interactive correlation distribution for MYO.
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