O-I Glass, Inc. (OI) Correlation Distribution
Across 6,809 rolling correlation observations between O-I Glass, Inc. (OI) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.059
- Most common range
- -0.3 to -0.2
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Glass Containers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 184 | 2.7% | |
| -0.6 to -0.5 | 184 | 2.7% | |
| -0.5 to -0.4 | 533 | 7.8% | |
| -0.4 to -0.3 | 533 | 7.8% | |
| -0.3 to -0.2 | 1,001 | 14.7% | |
| -0.2 to -0.1 | 1,001 | 14.7% | |
| -0.1 to 0.0 | 744 | 10.9% | |
| 0.0 to 0.1 | 744 | 10.9% | |
| 0.1 to 0.2 | 429 | 6.3% | |
| 0.2 to 0.3 | 428 | 6.3% | |
| 0.3 to 0.4 | 238 | 3.5% | |
| 0.4 to 0.5 | 237 | 3.5% | |
| 0.5 to 0.6 | 170 | 2.5% | |
| 0.6 to 0.7 | 169 | 2.5% | |
| 0.7 to 0.8 | 75 | 1.1% | |
| 0.8 to 0.9 | 74 | 1.1% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of OI?
O-I Glass, Inc. (OI) has an average correlation of about -0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OI positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for OI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 63.8% of all pairs.
Explore the full interactive correlation distribution for OI.
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