OPTN (OPTN) Correlation Distribution
Across 6,808 rolling correlation observations between OPTN (OPTN) and other NASDAQ-listed stocks, 60.5% are positive and 39.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.107, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 12.5%.
- Total observations
- 6,808
- Mean correlation
- 0.107
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60.5%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 421 | 6.2% | |
| -0.8 to -0.7 | 420 | 6.2% | |
| -0.7 to -0.6 | 352 | 5.2% | |
| -0.6 to -0.5 | 351 | 5.2% | |
| -0.5 to -0.4 | 234 | 3.4% | |
| -0.4 to -0.3 | 233 | 3.4% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 453 | 6.7% | |
| 0.4 to 0.5 | 452 | 6.6% | |
| 0.5 to 0.6 | 729 | 10.7% | |
| 0.6 to 0.7 | 729 | 10.7% | |
| 0.7 to 0.8 | 464 | 6.8% | |
| 0.8 to 0.9 | 464 | 6.8% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of OPTN?
OPTN (OPTN) has an average correlation of about 0.107 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is OPTN positively correlated with other stocks?
Mostly yes — 60.5% of pairs are positive and 39.5% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for OPTN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for OPTN.
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