Owens & Minor, Inc. (OMI) Correlation Distribution
Across 6,809 rolling correlation observations between Owens & Minor, Inc. (OMI) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.273, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.8% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.273
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 20.8%
- Sector
- Wholesale-Medical, Dental & Hospital Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 261 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 296 | 4.3% | |
| -0.3 to -0.2 | 237 | 3.5% | |
| -0.2 to -0.1 | 237 | 3.5% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 469 | 6.9% | |
| 0.4 to 0.5 | 469 | 6.9% | |
| 0.5 to 0.6 | 788 | 11.6% | |
| 0.6 to 0.7 | 787 | 11.6% | |
| 0.7 to 0.8 | 695 | 10.2% | |
| 0.8 to 0.9 | 695 | 10.2% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of OMI?
Owens & Minor, Inc. (OMI) has an average correlation of about 0.273 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OMI positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 20.8%.
What is the most common correlation range for OMI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for OMI.
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