Ooma, Inc. Common Stock (OOMA) Correlation Distribution
Across 6,809 rolling correlation observations between Ooma, Inc. Common Stock (OOMA) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.9% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.263
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 14.9%
- 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 | 35 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 196 | 2.9% | |
| -0.6 to -0.5 | 195 | 2.9% | |
| -0.5 to -0.4 | 333 | 4.9% | |
| -0.4 to -0.3 | 332 | 4.9% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 282 | 4.1% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 351 | 5.2% | |
| 0.2 to 0.3 | 350 | 5.1% | |
| 0.3 to 0.4 | 528 | 7.8% | |
| 0.4 to 0.5 | 527 | 7.7% | |
| 0.5 to 0.6 | 902 | 13.2% | |
| 0.6 to 0.7 | 902 | 13.2% | |
| 0.7 to 0.8 | 507 | 7.4% | |
| 0.8 to 0.9 | 506 | 7.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of OOMA?
Ooma, Inc. Common Stock (OOMA) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OOMA positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for OOMA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for OOMA.
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