Option Care Health, Inc. Common Stock (OPCH) Correlation Distribution
Across 6,809 rolling correlation observations between Option Care Health, Inc. Common Stock (OPCH) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.157, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 16.8%.
- Total observations
- 6,809
- Mean correlation
- -0.157
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 3.8%
- Sector
- Services-Home Health Care Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 562 | 8.3% | |
| -0.8 to -0.7 | 561 | 8.2% | |
| -0.7 to -0.6 | 538 | 7.9% | |
| -0.6 to -0.5 | 537 | 7.9% | |
| -0.5 to -0.4 | 441 | 6.5% | |
| -0.4 to -0.3 | 440 | 6.5% | |
| -0.3 to -0.2 | 373 | 5.5% | |
| -0.2 to -0.1 | 373 | 5.5% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 343 | 5.0% | |
| 0.2 to 0.3 | 342 | 5.0% | |
| 0.3 to 0.4 | 332 | 4.9% | |
| 0.4 to 0.5 | 331 | 4.9% | |
| 0.5 to 0.6 | 324 | 4.8% | |
| 0.6 to 0.7 | 323 | 4.7% | |
| 0.7 to 0.8 | 128 | 1.9% | |
| 0.8 to 0.9 | 128 | 1.9% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of OPCH?
Option Care Health, Inc. Common Stock (OPCH) has an average correlation of about -0.157 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OPCH positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for OPCH?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 31.4% of all pairs.
Explore the full interactive correlation distribution for OPCH.
Open interactive dashboard →