Omega Flex, Inc. (OFLX) Correlation Distribution
Across 6,809 rolling correlation observations between Omega Flex, Inc. (OFLX) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.223, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.1% and strong negative correlations (≤−0.7) for 12.7%.
- Total observations
- 6,809
- Mean correlation
- 0.223
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 32.1%
- Sector
- Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 73 | 1.1% | |
| -0.9 to -0.8 | 397 | 5.8% | |
| -0.8 to -0.7 | 397 | 5.8% | |
| -0.7 to -0.6 | 255 | 3.7% | |
| -0.6 to -0.5 | 254 | 3.7% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 198 | 2.9% | |
| -0.3 to -0.2 | 179 | 2.6% | |
| -0.2 to -0.1 | 179 | 2.6% | |
| -0.1 to 0.0 | 183 | 2.7% | |
| 0.0 to 0.1 | 182 | 2.7% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 282 | 4.1% | |
| 0.4 to 0.5 | 281 | 4.1% | |
| 0.5 to 0.6 | 568 | 8.3% | |
| 0.6 to 0.7 | 567 | 8.3% | |
| 0.7 to 0.8 | 1,031 | 15.1% | |
| 0.8 to 0.9 | 1,030 | 15.1% | |
| 0.9 to 1.0 | 123 | 1.8% |
Frequently asked questions
What is the average correlation of OFLX?
Omega Flex, Inc. (OFLX) has an average correlation of about 0.223 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OFLX positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 32.1%.
What is the most common correlation range for OFLX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for OFLX.
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