Onfolio Holdings Inc. Common Stock (ONFO) Correlation Distribution
Across 6,581 rolling correlation observations between Onfolio Holdings Inc. Common Stock (ONFO) and other NASDAQ-listed stocks, 61.6% are positive and 38.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.118, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,581
- Mean correlation
- 0.118
- Most common range
- 0.3 to 0.4
- Positive pairs
- 61.6%
- Strong positive (≥0.7)
- 3.3%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 176 | 2.7% | |
| -0.6 to -0.5 | 176 | 2.7% | |
| -0.5 to -0.4 | 324 | 4.9% | |
| -0.4 to -0.3 | 323 | 4.9% | |
| -0.3 to -0.2 | 456 | 6.9% | |
| -0.2 to -0.1 | 455 | 6.9% | |
| -0.1 to 0.0 | 535 | 8.1% | |
| 0.0 to 0.1 | 535 | 8.1% | |
| 0.1 to 0.2 | 519 | 7.9% | |
| 0.2 to 0.3 | 519 | 7.9% | |
| 0.3 to 0.4 | 614 | 9.3% | |
| 0.4 to 0.5 | 614 | 9.3% | |
| 0.5 to 0.6 | 517 | 7.9% | |
| 0.6 to 0.7 | 516 | 7.8% | |
| 0.7 to 0.8 | 109 | 1.7% | |
| 0.8 to 0.9 | 108 | 1.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ONFO?
Onfolio Holdings Inc. Common Stock (ONFO) has an average correlation of about 0.118 with other NASDAQ stocks, based on 6,581 pairwise observations.
Is ONFO positively correlated with other stocks?
Mostly yes — 61.6% of pairs are positive and 38.4% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for ONFO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45.9% of all pairs.
Explore the full interactive correlation distribution for ONFO.
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