Nephros Inc. (NEPH) Correlation Distribution
Across 6,806 rolling correlation observations between Nephros Inc. (NEPH) and other NASDAQ-listed stocks, 65.6% are positive and 34.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.9% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,806
- Mean correlation
- 0.269
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.6%
- Strong positive (≥0.7)
- 32.9%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 88 | 1.3% | |
| -0.8 to -0.7 | 87 | 1.3% | |
| -0.7 to -0.6 | 271 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 365 | 5.4% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 318 | 4.7% | |
| -0.1 to 0.0 | 256 | 3.8% | |
| 0.0 to 0.1 | 255 | 3.7% | |
| 0.1 to 0.2 | 262 | 3.8% | |
| 0.2 to 0.3 | 262 | 3.8% | |
| 0.3 to 0.4 | 303 | 4.5% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 422 | 6.2% | |
| 0.6 to 0.7 | 421 | 6.2% | |
| 0.7 to 0.8 | 861 | 12.7% | |
| 0.8 to 0.9 | 861 | 12.7% | |
| 0.9 to 1.0 | 515 | 7.6% |
Frequently asked questions
What is the average correlation of NEPH?
Nephros Inc. (NEPH) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NEPH positively correlated with other stocks?
Mostly yes — 65.6% of pairs are positive and 34.4% are negative. Strong positive correlations (≥0.7) make up 32.9%.
What is the most common correlation range for NEPH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for NEPH.
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