Old Dominion Freight Line (ODFL) Correlation Distribution
Across 6,809 rolling correlation observations between Old Dominion Freight Line (ODFL) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 10.1%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 300 | 4.4% | |
| -0.8 to -0.7 | 300 | 4.4% | |
| -0.7 to -0.6 | 705 | 10.4% | |
| -0.6 to -0.5 | 704 | 10.3% | |
| -0.5 to -0.4 | 534 | 7.8% | |
| -0.4 to -0.3 | 533 | 7.8% | |
| -0.3 to -0.2 | 349 | 5.1% | |
| -0.2 to -0.1 | 348 | 5.1% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 253 | 3.7% | |
| 0.2 to 0.3 | 253 | 3.7% | |
| 0.3 to 0.4 | 273 | 4.0% | |
| 0.4 to 0.5 | 272 | 4.0% | |
| 0.5 to 0.6 | 359 | 5.3% | |
| 0.6 to 0.7 | 359 | 5.3% | |
| 0.7 to 0.8 | 338 | 5.0% | |
| 0.8 to 0.9 | 337 | 4.9% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of ODFL?
Old Dominion Freight Line (ODFL) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ODFL positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for ODFL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for ODFL.
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