NANO-X IMAGING LTD Ordinary Shares (NNOX) Correlation Distribution
Across 6,808 rolling correlation observations between NANO-X IMAGING LTD Ordinary Shares (NNOX) 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 0.223, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.2% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,808
- Mean correlation
- 0.223
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 24.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 85 | 1.2% | |
| -0.8 to -0.7 | 84 | 1.2% | |
| -0.7 to -0.6 | 327 | 4.8% | |
| -0.6 to -0.5 | 327 | 4.8% | |
| -0.5 to -0.4 | 380 | 5.6% | |
| -0.4 to -0.3 | 379 | 5.6% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 257 | 3.8% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 337 | 5.0% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 394 | 5.8% | |
| 0.4 to 0.5 | 393 | 5.8% | |
| 0.5 to 0.6 | 549 | 8.1% | |
| 0.6 to 0.7 | 549 | 8.1% | |
| 0.7 to 0.8 | 735 | 10.8% | |
| 0.8 to 0.9 | 735 | 10.8% | |
| 0.9 to 1.0 | 176 | 2.6% |
Frequently asked questions
What is the average correlation of NNOX?
NANO-X IMAGING LTD Ordinary Shares (NNOX) has an average correlation of about 0.223 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NNOX 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 24.2%.
What is the most common correlation range for NNOX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for NNOX.
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