Organigram Global Inc. Common Shares (OGI) Correlation Distribution
Across 6,809 rolling correlation observations between Organigram Global Inc. Common Shares (OGI) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.32, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.9% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.32
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 37.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 113 | 1.7% | |
| -0.8 to -0.7 | 112 | 1.6% | |
| -0.7 to -0.6 | 304 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 242 | 3.6% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 474 | 7.0% | |
| 0.7 to 0.8 | 1,060 | 15.6% | |
| 0.8 to 0.9 | 1,059 | 15.6% | |
| 0.9 to 1.0 | 463 | 6.8% |
Frequently asked questions
What is the average correlation of OGI?
Organigram Global Inc. Common Shares (OGI) has an average correlation of about 0.32 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OGI positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 37.9%.
What is the most common correlation range for OGI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for OGI.
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