Onto Innovation Inc. (ONTO) Correlation Distribution
Across 6,809 rolling correlation observations between Onto Innovation Inc. (ONTO) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.081, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 6%.
- Total observations
- 6,809
- Mean correlation
- -0.081
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Measuring & Controlling Devices, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 206 | 3.0% | |
| -0.8 to -0.7 | 205 | 3.0% | |
| -0.7 to -0.6 | 821 | 12.1% | |
| -0.6 to -0.5 | 821 | 12.1% | |
| -0.5 to -0.4 | 600 | 8.8% | |
| -0.4 to -0.3 | 599 | 8.8% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 233 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 294 | 4.3% | |
| 0.6 to 0.7 | 294 | 4.3% | |
| 0.7 to 0.8 | 410 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 95 | 1.4% |
Frequently asked questions
What is the average correlation of ONTO?
Onto Innovation Inc. (ONTO) has an average correlation of about -0.081 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ONTO positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for ONTO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for ONTO.
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