Orthofix Medical Inc. Common Stock (DE) (OFIX) Correlation Distribution
Across 6,809 rolling correlation observations between Orthofix Medical Inc. Common Stock (DE) (OFIX) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.3% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- 0.303
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 38.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 192 | 2.8% | |
| -0.8 to -0.7 | 191 | 2.8% | |
| -0.7 to -0.6 | 304 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 229 | 3.4% | |
| -0.4 to -0.3 | 228 | 3.3% | |
| -0.3 to -0.2 | 218 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 415 | 6.1% | |
| 0.7 to 0.8 | 1,014 | 14.9% | |
| 0.8 to 0.9 | 1,013 | 14.9% | |
| 0.9 to 1.0 | 580 | 8.5% |
Frequently asked questions
What is the average correlation of OFIX?
Orthofix Medical Inc. Common Stock (DE) (OFIX) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OFIX positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 38.3%.
What is the most common correlation range for OFIX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for OFIX.
Open interactive dashboard →