OceanPal Inc. Common Stock (OP) Correlation Distribution
Across 6,792 rolling correlation observations between OceanPal Inc. Common Stock (OP) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.276, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.6% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,792
- Mean correlation
- 0.276
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 21.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 127 | 1.9% | |
| -0.6 to -0.5 | 126 | 1.9% | |
| -0.5 to -0.4 | 390 | 5.7% | |
| -0.4 to -0.3 | 390 | 5.7% | |
| -0.3 to -0.2 | 348 | 5.1% | |
| -0.2 to -0.1 | 347 | 5.1% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 329 | 4.8% | |
| 0.2 to 0.3 | 329 | 4.8% | |
| 0.3 to 0.4 | 425 | 6.3% | |
| 0.4 to 0.5 | 424 | 6.2% | |
| 0.5 to 0.6 | 726 | 10.7% | |
| 0.6 to 0.7 | 726 | 10.7% | |
| 0.7 to 0.8 | 697 | 10.3% | |
| 0.8 to 0.9 | 697 | 10.3% | |
| 0.9 to 1.0 | 73 | 1.1% |
Frequently asked questions
What is the average correlation of OP?
OceanPal Inc. Common Stock (OP) has an average correlation of about 0.276 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is OP positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 21.6%.
What is the most common correlation range for OP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.4% of all pairs.
Explore the full interactive correlation distribution for OP.
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