OmniAb, Inc. Common Stock (OABI) Correlation Distribution
Across 6,422 rolling correlation observations between OmniAb, Inc. Common Stock (OABI) and other NASDAQ-listed stocks, 47% are positive and 53% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,422
- Mean correlation
- -0.016
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47%
- Strong positive (≥0.7)
- 3.4%
- Sector
- Services-Commercial Physical & Biological Research
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 70 | 1.1% | |
| -0.8 to -0.7 | 70 | 1.1% | |
| -0.7 to -0.6 | 309 | 4.8% | |
| -0.6 to -0.5 | 309 | 4.8% | |
| -0.5 to -0.4 | 505 | 7.9% | |
| -0.4 to -0.3 | 504 | 7.8% | |
| -0.3 to -0.2 | 560 | 8.7% | |
| -0.2 to -0.1 | 559 | 8.7% | |
| -0.1 to 0.0 | 518 | 8.1% | |
| 0.0 to 0.1 | 517 | 8.1% | |
| 0.1 to 0.2 | 460 | 7.2% | |
| 0.2 to 0.3 | 460 | 7.2% | |
| 0.3 to 0.4 | 413 | 6.4% | |
| 0.4 to 0.5 | 413 | 6.4% | |
| 0.5 to 0.6 | 270 | 4.2% | |
| 0.6 to 0.7 | 269 | 4.2% | |
| 0.7 to 0.8 | 108 | 1.7% | |
| 0.8 to 0.9 | 107 | 1.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of OABI?
OmniAb, Inc. Common Stock (OABI) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,422 pairwise observations.
Is OABI positively correlated with other stocks?
Not predominantly — 47% of pairs are positive and 53% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for OABI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47.9% of all pairs.
Explore the full interactive correlation distribution for OABI.
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