OCAX (OCAX) Correlation Distribution
Across 6,262 rolling correlation observations between OCAX (OCAX) and other NASDAQ-listed stocks, 29.6% are positive and 70.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.246, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 26.2%.
- Total observations
- 6,262
- Mean correlation
- -0.246
- Most common range
- -0.7 to -0.6
- Positive pairs
- 29.6%
- Strong positive (≥0.7)
- 13.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 106 | 1.7% | |
| -0.9 to -0.8 | 769 | 12.3% | |
| -0.8 to -0.7 | 768 | 12.3% | |
| -0.7 to -0.6 | 792 | 12.6% | |
| -0.6 to -0.5 | 792 | 12.6% | |
| -0.5 to -0.4 | 307 | 4.9% | |
| -0.4 to -0.3 | 306 | 4.9% | |
| -0.3 to -0.2 | 201 | 3.2% | |
| -0.2 to -0.1 | 200 | 3.2% | |
| -0.1 to 0.0 | 169 | 2.7% | |
| 0.0 to 0.1 | 169 | 2.7% | |
| 0.1 to 0.2 | 127 | 2.0% | |
| 0.2 to 0.3 | 127 | 2.0% | |
| 0.3 to 0.4 | 129 | 2.1% | |
| 0.4 to 0.5 | 128 | 2.0% | |
| 0.5 to 0.6 | 172 | 2.7% | |
| 0.6 to 0.7 | 172 | 2.7% | |
| 0.7 to 0.8 | 273 | 4.4% | |
| 0.8 to 0.9 | 272 | 4.3% | |
| 0.9 to 1.0 | 283 | 4.5% |
Frequently asked questions
What is the average correlation of OCAX?
OCAX (OCAX) has an average correlation of about -0.246 with other NASDAQ stocks, based on 6,262 pairwise observations.
Is OCAX positively correlated with other stocks?
Not predominantly — 29.6% of pairs are positive and 70.4% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for OCAX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 15.9% of all pairs.
Explore the full interactive correlation distribution for OCAX.
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