OIG (OIG) Correlation Distribution
Across 5,703 rolling correlation observations between OIG (OIG) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.222, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.2% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 5,703
- Mean correlation
- 0.222
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 27.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 144 | 2.5% | |
| -0.8 to -0.7 | 144 | 2.5% | |
| -0.7 to -0.6 | 298 | 5.2% | |
| -0.6 to -0.5 | 298 | 5.2% | |
| -0.5 to -0.4 | 251 | 4.4% | |
| -0.4 to -0.3 | 250 | 4.4% | |
| -0.3 to -0.2 | 220 | 3.9% | |
| -0.2 to -0.1 | 220 | 3.9% | |
| -0.1 to 0.0 | 208 | 3.6% | |
| 0.0 to 0.1 | 207 | 3.6% | |
| 0.1 to 0.2 | 227 | 4.0% | |
| 0.2 to 0.3 | 226 | 4.0% | |
| 0.3 to 0.4 | 304 | 5.3% | |
| 0.4 to 0.5 | 304 | 5.3% | |
| 0.5 to 0.6 | 425 | 7.5% | |
| 0.6 to 0.7 | 424 | 7.4% | |
| 0.7 to 0.8 | 586 | 10.3% | |
| 0.8 to 0.9 | 586 | 10.3% | |
| 0.9 to 1.0 | 380 | 6.7% |
Frequently asked questions
What is the average correlation of OIG?
OIG (OIG) has an average correlation of about 0.222 with other NASDAQ stocks, based on 5,703 pairwise observations.
Is OIG positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 27.2%.
What is the most common correlation range for OIG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for OIG.
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