Optex Systems Holdings, INC (OPXS) Correlation Distribution
Across 6,739 rolling correlation observations between Optex Systems Holdings, INC (OPXS) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 16.6%.
- Total observations
- 6,739
- Mean correlation
- -0.08
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Optical Instruments & Lenses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 28 | 0.4% | |
| -0.9 to -0.8 | 545 | 8.1% | |
| -0.8 to -0.7 | 545 | 8.1% | |
| -0.7 to -0.6 | 644 | 9.6% | |
| -0.6 to -0.5 | 644 | 9.6% | |
| -0.5 to -0.4 | 362 | 5.4% | |
| -0.4 to -0.3 | 362 | 5.4% | |
| -0.3 to -0.2 | 296 | 4.4% | |
| -0.2 to -0.1 | 295 | 4.4% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 208 | 3.1% | |
| 0.4 to 0.5 | 207 | 3.1% | |
| 0.5 to 0.6 | 287 | 4.3% | |
| 0.6 to 0.7 | 286 | 4.2% | |
| 0.7 to 0.8 | 458 | 6.8% | |
| 0.8 to 0.9 | 457 | 6.8% | |
| 0.9 to 1.0 | 223 | 3.3% |
Frequently asked questions
What is the average correlation of OPXS?
Optex Systems Holdings, INC (OPXS) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,739 pairwise observations.
Is OPXS positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for OPXS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for OPXS.
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