The ODP Corporation Common Stock (ODP) Correlation Distribution
Across 6,809 rolling correlation observations between The ODP Corporation Common Stock (ODP) and other NASDAQ-listed stocks, 57.1% are positive and 42.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.056
- Most common range
- -0.1 to 0.0
- Positive pairs
- 57.1%
- Strong positive (≥0.7)
- 2.2%
- Sector
- Retail-Miscellaneous Shopping Goods Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 144 | 2.1% | |
| -0.6 to -0.5 | 143 | 2.1% | |
| -0.5 to -0.4 | 279 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 577 | 8.5% | |
| -0.2 to -0.1 | 577 | 8.5% | |
| -0.1 to 0.0 | 826 | 12.1% | |
| 0.0 to 0.1 | 826 | 12.1% | |
| 0.1 to 0.2 | 754 | 11.1% | |
| 0.2 to 0.3 | 753 | 11.1% | |
| 0.3 to 0.4 | 459 | 6.7% | |
| 0.4 to 0.5 | 458 | 6.7% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 243 | 3.6% | |
| 0.7 to 0.8 | 74 | 1.1% | |
| 0.8 to 0.9 | 73 | 1.1% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of ODP?
The ODP Corporation Common Stock (ODP) has an average correlation of about 0.056 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ODP positively correlated with other stocks?
Mostly yes — 57.1% of pairs are positive and 42.9% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for ODP?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 63.3% of all pairs.
Explore the full interactive correlation distribution for ODP.
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