Omnicom Group Inc. (OMC) Correlation Distribution
Across 6,809 rolling correlation observations between Omnicom Group Inc. (OMC) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.027, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.8% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- -0.027
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 5.8%
- Sector
- Services-Advertising Agencies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 487 | 7.2% | |
| -0.6 to -0.5 | 487 | 7.2% | |
| -0.5 to -0.4 | 779 | 11.4% | |
| -0.4 to -0.3 | 779 | 11.4% | |
| -0.3 to -0.2 | 456 | 6.7% | |
| -0.2 to -0.1 | 456 | 6.7% | |
| -0.1 to 0.0 | 354 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 304 | 4.5% | |
| 0.2 to 0.3 | 304 | 4.5% | |
| 0.3 to 0.4 | 332 | 4.9% | |
| 0.4 to 0.5 | 332 | 4.9% | |
| 0.5 to 0.6 | 463 | 6.8% | |
| 0.6 to 0.7 | 463 | 6.8% | |
| 0.7 to 0.8 | 197 | 2.9% | |
| 0.8 to 0.9 | 196 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OMC?
Omnicom Group Inc. (OMC) has an average correlation of about -0.027 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OMC positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 5.8%.
What is the most common correlation range for OMC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.7% of all pairs.
Explore the full interactive correlation distribution for OMC.
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