Outset Medical, Inc. Common Stock (OM) Correlation Distribution
Across 6,808 rolling correlation observations between Outset Medical, Inc. Common Stock (OM) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.6% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,808
- Mean correlation
- 0.272
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 38.6%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 338 | 5.0% | |
| -0.8 to -0.7 | 337 | 5.0% | |
| -0.7 to -0.6 | 289 | 4.2% | |
| -0.6 to -0.5 | 288 | 4.2% | |
| -0.5 to -0.4 | 191 | 2.8% | |
| -0.4 to -0.3 | 191 | 2.8% | |
| -0.3 to -0.2 | 184 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 176 | 2.6% | |
| 0.0 to 0.1 | 175 | 2.6% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 450 | 6.6% | |
| 0.7 to 0.8 | 1,146 | 16.8% | |
| 0.8 to 0.9 | 1,146 | 16.8% | |
| 0.9 to 1.0 | 333 | 4.9% |
Frequently asked questions
What is the average correlation of OM?
Outset Medical, Inc. Common Stock (OM) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is OM positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 38.6%.
What is the most common correlation range for OM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.4% of all pairs.
Explore the full interactive correlation distribution for OM.
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