OCEAN BIOMEDICAL INC (OCEA) Correlation Distribution
Across 6,210 rolling correlation observations between OCEAN BIOMEDICAL INC (OCEA) and other NASDAQ-listed stocks, 49.7% are positive and 50.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19.9% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,210
- Mean correlation
- 0.032
- Most common range
- 0.7 to 0.8
- Positive pairs
- 49.7%
- Strong positive (≥0.7)
- 19.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 311 | 5.0% | |
| -0.8 to -0.7 | 310 | 5.0% | |
| -0.7 to -0.6 | 530 | 8.5% | |
| -0.6 to -0.5 | 530 | 8.5% | |
| -0.5 to -0.4 | 355 | 5.7% | |
| -0.4 to -0.3 | 354 | 5.7% | |
| -0.3 to -0.2 | 264 | 4.3% | |
| -0.2 to -0.1 | 263 | 4.2% | |
| -0.1 to 0.0 | 204 | 3.3% | |
| 0.0 to 0.1 | 203 | 3.3% | |
| 0.1 to 0.2 | 213 | 3.4% | |
| 0.2 to 0.3 | 212 | 3.4% | |
| 0.3 to 0.4 | 241 | 3.9% | |
| 0.4 to 0.5 | 240 | 3.9% | |
| 0.5 to 0.6 | 373 | 6.0% | |
| 0.6 to 0.7 | 373 | 6.0% | |
| 0.7 to 0.8 | 592 | 9.5% | |
| 0.8 to 0.9 | 591 | 9.5% | |
| 0.9 to 1.0 | 50 | 0.8% |
Frequently asked questions
What is the average correlation of OCEA?
OCEAN BIOMEDICAL INC (OCEA) has an average correlation of about 0.032 with other NASDAQ stocks, based on 6,210 pairwise observations.
Is OCEA positively correlated with other stocks?
Not predominantly — 49.7% of pairs are positive and 50.3% are negative. Strong positive correlations (≥0.7) make up 19.9%.
What is the most common correlation range for OCEA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for OCEA.
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