Omeros Corporation (OMER) Correlation Distribution
Across 6,809 rolling correlation observations between Omeros Corporation (OMER) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.241
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 23.3%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 174 | 2.6% | |
| -0.6 to -0.5 | 174 | 2.6% | |
| -0.5 to -0.4 | 355 | 5.2% | |
| -0.4 to -0.3 | 354 | 5.2% | |
| -0.3 to -0.2 | 394 | 5.8% | |
| -0.2 to -0.1 | 394 | 5.8% | |
| -0.1 to 0.0 | 351 | 5.2% | |
| 0.0 to 0.1 | 351 | 5.2% | |
| 0.1 to 0.2 | 374 | 5.5% | |
| 0.2 to 0.3 | 373 | 5.5% | |
| 0.3 to 0.4 | 381 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 534 | 7.8% | |
| 0.6 to 0.7 | 534 | 7.8% | |
| 0.7 to 0.8 | 760 | 11.2% | |
| 0.8 to 0.9 | 760 | 11.2% | |
| 0.9 to 1.0 | 65 | 1.0% |
Frequently asked questions
What is the average correlation of OMER?
Omeros Corporation (OMER) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OMER positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for OMER?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 32.9% of all pairs.
Explore the full interactive correlation distribution for OMER.
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