OneWater Marine Inc. Class A Common Stock (ONEW) Correlation Distribution
Across 6,809 rolling correlation observations between OneWater Marine Inc. Class A Common Stock (ONEW) and other NASDAQ-listed stocks, 71.4% are positive and 28.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.262, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.262
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.4%
- Strong positive (≥0.7)
- 17.5%
- Sector
- Retail-Auto & Home Supply Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 250 | 3.7% | |
| -0.6 to -0.5 | 249 | 3.7% | |
| -0.5 to -0.4 | 288 | 4.2% | |
| -0.4 to -0.3 | 287 | 4.2% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 237 | 3.5% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 261 | 3.8% | |
| 0.1 to 0.2 | 351 | 5.2% | |
| 0.2 to 0.3 | 350 | 5.1% | |
| 0.3 to 0.4 | 502 | 7.4% | |
| 0.4 to 0.5 | 502 | 7.4% | |
| 0.5 to 0.6 | 853 | 12.5% | |
| 0.6 to 0.7 | 852 | 12.5% | |
| 0.7 to 0.8 | 593 | 8.7% | |
| 0.8 to 0.9 | 593 | 8.7% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of ONEW?
OneWater Marine Inc. Class A Common Stock (ONEW) has an average correlation of about 0.262 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ONEW positively correlated with other stocks?
Mostly yes — 71.4% of pairs are positive and 28.6% are negative. Strong positive correlations (≥0.7) make up 17.5%.
What is the most common correlation range for ONEW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for ONEW.
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