Organon & Co. (OGN) Correlation Distribution
Across 6,806 rolling correlation observations between Organon & Co. (OGN) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.6% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,806
- Mean correlation
- 0.231
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 21.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 288 | 4.2% | |
| -0.8 to -0.7 | 288 | 4.2% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 220 | 3.2% | |
| -0.4 to -0.3 | 220 | 3.2% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 410 | 6.0% | |
| 0.4 to 0.5 | 409 | 6.0% | |
| 0.5 to 0.6 | 858 | 12.6% | |
| 0.6 to 0.7 | 857 | 12.6% | |
| 0.7 to 0.8 | 725 | 10.7% | |
| 0.8 to 0.9 | 725 | 10.7% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of OGN?
Organon & Co. (OGN) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is OGN positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 21.6%.
What is the most common correlation range for OGN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for OGN.
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