OmniAb, Inc. Warrant (OABIW) Correlation Distribution
Across 6,036 rolling correlation observations between OmniAb, Inc. Warrant (OABIW) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.071, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,036
- Mean correlation
- -0.071
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 1.3%
- 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 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 312 | 5.2% | |
| -0.6 to -0.5 | 312 | 5.2% | |
| -0.5 to -0.4 | 654 | 10.8% | |
| -0.4 to -0.3 | 654 | 10.8% | |
| -0.3 to -0.2 | 543 | 9.0% | |
| -0.2 to -0.1 | 543 | 9.0% | |
| -0.1 to 0.0 | 511 | 8.5% | |
| 0.0 to 0.1 | 511 | 8.5% | |
| 0.1 to 0.2 | 451 | 7.5% | |
| 0.2 to 0.3 | 451 | 7.5% | |
| 0.3 to 0.4 | 326 | 5.4% | |
| 0.4 to 0.5 | 325 | 5.4% | |
| 0.5 to 0.6 | 170 | 2.8% | |
| 0.6 to 0.7 | 169 | 2.8% | |
| 0.7 to 0.8 | 40 | 0.7% | |
| 0.8 to 0.9 | 39 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OABIW?
OmniAb, Inc. Warrant (OABIW) has an average correlation of about -0.071 with other NASDAQ stocks, based on 6,036 pairwise observations.
Is OABIW positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for OABIW?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 49.9% of all pairs.
Explore the full interactive correlation distribution for OABIW.
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