OSI Systems Inc (OSIS) Correlation Distribution
Across 6,809 rolling correlation observations between OSI Systems Inc (OSIS) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.6% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,809
- Mean correlation
- -0.061
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 14.6%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 194 | 2.8% | |
| -0.8 to -0.7 | 193 | 2.8% | |
| -0.7 to -0.6 | 628 | 9.2% | |
| -0.6 to -0.5 | 628 | 9.2% | |
| -0.5 to -0.4 | 766 | 11.2% | |
| -0.4 to -0.3 | 766 | 11.2% | |
| -0.3 to -0.2 | 368 | 5.4% | |
| -0.2 to -0.1 | 367 | 5.4% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 250 | 3.7% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 234 | 3.4% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 259 | 3.8% | |
| 0.7 to 0.8 | 393 | 5.8% | |
| 0.8 to 0.9 | 393 | 5.8% | |
| 0.9 to 1.0 | 206 | 3.0% |
Frequently asked questions
What is the average correlation of OSIS?
OSI Systems Inc (OSIS) has an average correlation of about -0.061 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OSIS positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 14.6%.
What is the most common correlation range for OSIS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.3% of all pairs.
Explore the full interactive correlation distribution for OSIS.
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