OFC (OFC) Correlation Distribution
Across 6,267 rolling correlation observations between OFC (OFC) and other NASDAQ-listed stocks, 84% are positive and 16% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.33, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,267
- Mean correlation
- 0.33
- Most common range
- 0.5 to 0.6
- Positive pairs
- 84%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 75 | 1.2% | |
| -0.6 to -0.5 | 74 | 1.2% | |
| -0.5 to -0.4 | 88 | 1.4% | |
| -0.4 to -0.3 | 88 | 1.4% | |
| -0.3 to -0.2 | 177 | 2.8% | |
| -0.2 to -0.1 | 177 | 2.8% | |
| -0.1 to 0.0 | 324 | 5.2% | |
| 0.0 to 0.1 | 324 | 5.2% | |
| 0.1 to 0.2 | 460 | 7.3% | |
| 0.2 to 0.3 | 460 | 7.3% | |
| 0.3 to 0.4 | 863 | 13.8% | |
| 0.4 to 0.5 | 863 | 13.8% | |
| 0.5 to 0.6 | 1,016 | 16.2% | |
| 0.6 to 0.7 | 1,016 | 16.2% | |
| 0.7 to 0.8 | 131 | 2.1% | |
| 0.8 to 0.9 | 130 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OFC?
OFC (OFC) has an average correlation of about 0.33 with other NASDAQ stocks, based on 6,267 pairwise observations.
Is OFC positively correlated with other stocks?
Mostly yes — 84% of pairs are positive and 16% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for OFC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for OFC.
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