Ormat Technologies, Inc. (ORA) Correlation Distribution
Across 6,809 rolling correlation observations between Ormat Technologies, Inc. (ORA) and other NASDAQ-listed stocks, 52.9% are positive and 47.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.9% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.026
- Most common range
- -0.1 to 0.0
- Positive pairs
- 52.9%
- Strong positive (≥0.7)
- 0.9%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 70 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 212 | 3.1% | |
| -0.4 to -0.3 | 211 | 3.1% | |
| -0.3 to -0.2 | 773 | 11.4% | |
| -0.2 to -0.1 | 772 | 11.3% | |
| -0.1 to 0.0 | 1,088 | 16.0% | |
| 0.0 to 0.1 | 1,087 | 16.0% | |
| 0.1 to 0.2 | 815 | 12.0% | |
| 0.2 to 0.3 | 815 | 12.0% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 112 | 1.6% | |
| 0.6 to 0.7 | 112 | 1.6% | |
| 0.7 to 0.8 | 32 | 0.5% | |
| 0.8 to 0.9 | 31 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ORA?
Ormat Technologies, Inc. (ORA) has an average correlation of about 0.026 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ORA positively correlated with other stocks?
Mostly yes — 52.9% of pairs are positive and 47.1% are negative. Strong positive correlations (≥0.7) make up 0.9%.
What is the most common correlation range for ORA?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 78.6% of all pairs.
Explore the full interactive correlation distribution for ORA.
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