Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) Correlation Distribution
Across 6,809 rolling correlation observations between Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) and other NASDAQ-listed stocks, 36.9% are positive and 63.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 12.3%.
- Total observations
- 6,809
- Mean correlation
- -0.165
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.9%
- Strong positive (≥0.7)
- 4.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 419 | 6.2% | |
| -0.8 to -0.7 | 419 | 6.2% | |
| -0.7 to -0.6 | 879 | 12.9% | |
| -0.6 to -0.5 | 878 | 12.9% | |
| -0.5 to -0.4 | 419 | 6.2% | |
| -0.4 to -0.3 | 419 | 6.2% | |
| -0.3 to -0.2 | 304 | 4.5% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 315 | 4.6% | |
| 0.4 to 0.5 | 315 | 4.6% | |
| 0.5 to 0.6 | 359 | 5.3% | |
| 0.6 to 0.7 | 358 | 5.3% | |
| 0.7 to 0.8 | 157 | 2.3% | |
| 0.8 to 0.9 | 157 | 2.3% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of OMAB?
Grupo Aeroportuario del Centro Norte S.A.B. de C.V (OMAB) has an average correlation of about -0.165 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OMAB positively correlated with other stocks?
Not predominantly — 36.9% of pairs are positive and 63.1% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for OMAB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for OMAB.
Open interactive dashboard →