Oil-Dri Corporation of America (ODC) Correlation Distribution
Across 6,809 rolling correlation observations between Oil-Dri Corporation of America (ODC) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.112, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 9.8%.
- Total observations
- 6,809
- Mean correlation
- -0.112
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Miscellaneous Manufacturing Industries
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 328 | 4.8% | |
| -0.8 to -0.7 | 327 | 4.8% | |
| -0.7 to -0.6 | 724 | 10.6% | |
| -0.6 to -0.5 | 723 | 10.6% | |
| -0.5 to -0.4 | 661 | 9.7% | |
| -0.4 to -0.3 | 661 | 9.7% | |
| -0.3 to -0.2 | 338 | 5.0% | |
| -0.2 to -0.1 | 337 | 4.9% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 207 | 3.0% | |
| 0.3 to 0.4 | 210 | 3.1% | |
| 0.4 to 0.5 | 210 | 3.1% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 150 | 2.2% |
Frequently asked questions
What is the average correlation of ODC?
Oil-Dri Corporation of America (ODC) has an average correlation of about -0.112 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ODC positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for ODC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for ODC.
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