Oak Woods Acquisition Corporation Class A Ordinary Shares (OAKU) Correlation Distribution
Across 5,445 rolling correlation observations between Oak Woods Acquisition Corporation Class A Ordinary Shares (OAKU) and other NASDAQ-listed stocks, 54.9% are positive and 45.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.072, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 25.7% and strong negative correlations (≤−0.7) for 19.3%.
- Total observations
- 5,445
- Mean correlation
- 0.072
- Most common range
- 0.7 to 0.8
- Positive pairs
- 54.9%
- Strong positive (≥0.7)
- 25.7%
- Sector
- Services-Misc Health & Allied Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 120 | 2.2% | |
| -0.9 to -0.8 | 465 | 8.5% | |
| -0.8 to -0.7 | 465 | 8.5% | |
| -0.7 to -0.6 | 282 | 5.2% | |
| -0.6 to -0.5 | 282 | 5.2% | |
| -0.5 to -0.4 | 188 | 3.5% | |
| -0.4 to -0.3 | 187 | 3.4% | |
| -0.3 to -0.2 | 153 | 2.8% | |
| -0.2 to -0.1 | 152 | 2.8% | |
| -0.1 to 0.0 | 159 | 2.9% | |
| 0.0 to 0.1 | 159 | 2.9% | |
| 0.1 to 0.2 | 181 | 3.3% | |
| 0.2 to 0.3 | 180 | 3.3% | |
| 0.3 to 0.4 | 223 | 4.1% | |
| 0.4 to 0.5 | 223 | 4.1% | |
| 0.5 to 0.6 | 314 | 5.8% | |
| 0.6 to 0.7 | 313 | 5.7% | |
| 0.7 to 0.8 | 528 | 9.7% | |
| 0.8 to 0.9 | 527 | 9.7% | |
| 0.9 to 1.0 | 344 | 6.3% |
Frequently asked questions
What is the average correlation of OAKU?
Oak Woods Acquisition Corporation Class A Ordinary Shares (OAKU) has an average correlation of about 0.072 with other NASDAQ stocks, based on 5,445 pairwise observations.
Is OAKU positively correlated with other stocks?
Mostly yes — 54.9% of pairs are positive and 45.1% are negative. Strong positive correlations (≥0.7) make up 25.7%.
What is the most common correlation range for OAKU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for OAKU.
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