Odyssey Marine Exploration, Inc (OMEX) Correlation Distribution
Across 6,809 rolling correlation observations between Odyssey Marine Exploration, Inc (OMEX) and other NASDAQ-listed stocks, 65.5% are positive and 34.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.204, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.6% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- 0.204
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.5%
- Strong positive (≥0.7)
- 18.6%
- Sector
- Water Transportation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 153 | 2.2% | |
| -0.8 to -0.7 | 152 | 2.2% | |
| -0.7 to -0.6 | 344 | 5.1% | |
| -0.6 to -0.5 | 344 | 5.1% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 312 | 4.6% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 232 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 384 | 5.6% | |
| 0.4 to 0.5 | 383 | 5.6% | |
| 0.5 to 0.6 | 799 | 11.7% | |
| 0.6 to 0.7 | 798 | 11.7% | |
| 0.7 to 0.8 | 632 | 9.3% | |
| 0.8 to 0.9 | 631 | 9.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of OMEX?
Odyssey Marine Exploration, Inc (OMEX) has an average correlation of about 0.204 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OMEX positively correlated with other stocks?
Mostly yes — 65.5% of pairs are positive and 34.5% are negative. Strong positive correlations (≥0.7) make up 18.6%.
What is the most common correlation range for OMEX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for OMEX.
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