OMIC (OMIC) Correlation Distribution
Across 6,800 rolling correlation observations between OMIC (OMIC) and other NASDAQ-listed stocks, 72.9% are positive and 27.1% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.377, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 43.2% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,800
- Mean correlation
- 0.377
- Most common range
- 0.9 to 1.0
- Positive pairs
- 72.9%
- Strong positive (≥0.7)
- 43.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 111 | 1.6% | |
| -0.8 to -0.7 | 110 | 1.6% | |
| -0.7 to -0.6 | 248 | 3.6% | |
| -0.6 to -0.5 | 248 | 3.6% | |
| -0.5 to -0.4 | 251 | 3.7% | |
| -0.4 to -0.3 | 250 | 3.7% | |
| -0.3 to -0.2 | 208 | 3.1% | |
| -0.2 to -0.1 | 207 | 3.0% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 288 | 4.2% | |
| 0.5 to 0.6 | 409 | 6.0% | |
| 0.6 to 0.7 | 409 | 6.0% | |
| 0.7 to 0.8 | 912 | 13.4% | |
| 0.8 to 0.9 | 911 | 13.4% | |
| 0.9 to 1.0 | 1,115 | 16.4% |
Frequently asked questions
What is the average correlation of OMIC?
OMIC (OMIC) has an average correlation of about 0.377 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is OMIC positively correlated with other stocks?
Mostly yes — 72.9% of pairs are positive and 27.1% are negative. Strong positive correlations (≥0.7) make up 43.2%.
What is the most common correlation range for OMIC?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for OMIC.
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