OPGEN INC (OPGN) Correlation Distribution
Across 6,807 rolling correlation observations between OPGEN INC (OPGN) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.2% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,807
- Mean correlation
- 0.283
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 38.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 212 | 3.1% | |
| -0.8 to -0.7 | 212 | 3.1% | |
| -0.7 to -0.6 | 331 | 4.9% | |
| -0.6 to -0.5 | 331 | 4.9% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 214 | 3.1% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 201 | 3.0% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 267 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 393 | 5.8% | |
| 0.6 to 0.7 | 393 | 5.8% | |
| 0.7 to 0.8 | 904 | 13.3% | |
| 0.8 to 0.9 | 904 | 13.3% | |
| 0.9 to 1.0 | 794 | 11.7% |
Frequently asked questions
What is the average correlation of OPGN?
OPGEN INC (OPGN) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is OPGN positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 38.2%.
What is the most common correlation range for OPGN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for OPGN.
Open interactive dashboard →