Owens Corning (OC) Correlation Distribution
Across 6,809 rolling correlation observations between Owens Corning (OC) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.077, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,809
- Mean correlation
- -0.077
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 15.7%
- Sector
- Abrasive, Asbestos & Misc Nonmetallic Mineral Prods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 271 | 4.0% | |
| -0.8 to -0.7 | 271 | 4.0% | |
| -0.7 to -0.6 | 794 | 11.7% | |
| -0.6 to -0.5 | 794 | 11.7% | |
| -0.5 to -0.4 | 603 | 8.9% | |
| -0.4 to -0.3 | 602 | 8.8% | |
| -0.3 to -0.2 | 296 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 214 | 3.1% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 265 | 3.9% | |
| 0.6 to 0.7 | 265 | 3.9% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 421 | 6.2% | |
| 0.9 to 1.0 | 228 | 3.3% |
Frequently asked questions
What is the average correlation of OC?
Owens Corning (OC) has an average correlation of about -0.077 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OC positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for OC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for OC.
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