OraSure Technologies Inc (OSUR) Correlation Distribution
Across 6,809 rolling correlation observations between OraSure Technologies Inc (OSUR) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.182, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.5% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- 0.182
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 22.5%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 160 | 2.3% | |
| -0.8 to -0.7 | 160 | 2.3% | |
| -0.7 to -0.6 | 384 | 5.6% | |
| -0.6 to -0.5 | 384 | 5.6% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 294 | 4.3% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 307 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 377 | 5.5% | |
| 0.5 to 0.6 | 549 | 8.1% | |
| 0.6 to 0.7 | 548 | 8.0% | |
| 0.7 to 0.8 | 761 | 11.2% | |
| 0.8 to 0.9 | 761 | 11.2% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of OSUR?
OraSure Technologies Inc (OSUR) has an average correlation of about 0.182 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OSUR positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 22.5%.
What is the most common correlation range for OSUR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for OSUR.
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