OMNIQ CORP (OMQS) Correlation Distribution
Across 6,801 rolling correlation observations between OMNIQ CORP (OMQS) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.227, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.8% and strong negative correlations (≤−0.7) for 11.8%.
- Total observations
- 6,801
- Mean correlation
- 0.227
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 29.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 81 | 1.2% | |
| -0.9 to -0.8 | 360 | 5.3% | |
| -0.8 to -0.7 | 359 | 5.3% | |
| -0.7 to -0.6 | 270 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 192 | 2.8% | |
| -0.4 to -0.3 | 191 | 2.8% | |
| -0.3 to -0.2 | 185 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 183 | 2.7% | |
| 0.0 to 0.1 | 182 | 2.7% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 210 | 3.1% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 623 | 9.2% | |
| 0.6 to 0.7 | 622 | 9.1% | |
| 0.7 to 0.8 | 892 | 13.1% | |
| 0.8 to 0.9 | 892 | 13.1% | |
| 0.9 to 1.0 | 240 | 3.5% |
Frequently asked questions
What is the average correlation of OMQS?
OMNIQ CORP (OMQS) has an average correlation of about 0.227 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is OMQS positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 29.8%.
What is the most common correlation range for OMQS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for OMQS.
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