Okta, Inc. Class A Common Stock (OKTA) Correlation Distribution
Across 6,809 rolling correlation observations between Okta, Inc. Class A Common Stock (OKTA) and other NASDAQ-listed stocks, 66.2% are positive and 33.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.281, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.5% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.281
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.2%
- Strong positive (≥0.7)
- 34.5%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 292 | 4.3% | |
| -0.5 to -0.4 | 350 | 5.1% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 300 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 228 | 3.3% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 294 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 425 | 6.2% | |
| 0.6 to 0.7 | 425 | 6.2% | |
| 0.7 to 0.8 | 874 | 12.8% | |
| 0.8 to 0.9 | 873 | 12.8% | |
| 0.9 to 1.0 | 605 | 8.9% |
Frequently asked questions
What is the average correlation of OKTA?
Okta, Inc. Class A Common Stock (OKTA) has an average correlation of about 0.281 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OKTA positively correlated with other stocks?
Mostly yes — 66.2% of pairs are positive and 33.8% are negative. Strong positive correlations (≥0.7) make up 34.5%.
What is the most common correlation range for OKTA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for OKTA.
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