OTEC (OTEC) Correlation Distribution
Across 5,644 rolling correlation observations between OTEC (OTEC) and other NASDAQ-listed stocks, 25% are positive and 75% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.308, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.4% and strong negative correlations (≤−0.7) for 25.1%.
- Total observations
- 5,644
- Mean correlation
- -0.308
- Most common range
- -0.7 to -0.6
- Positive pairs
- 25%
- Strong positive (≥0.7)
- 8.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 37 | 0.7% | |
| -0.9 to -0.8 | 691 | 12.2% | |
| -0.8 to -0.7 | 691 | 12.2% | |
| -0.7 to -0.6 | 823 | 14.6% | |
| -0.6 to -0.5 | 823 | 14.6% | |
| -0.5 to -0.4 | 322 | 5.7% | |
| -0.4 to -0.3 | 321 | 5.7% | |
| -0.3 to -0.2 | 193 | 3.4% | |
| -0.2 to -0.1 | 192 | 3.4% | |
| -0.1 to 0.0 | 142 | 2.5% | |
| 0.0 to 0.1 | 142 | 2.5% | |
| 0.1 to 0.2 | 122 | 2.2% | |
| 0.2 to 0.3 | 121 | 2.1% | |
| 0.3 to 0.4 | 126 | 2.2% | |
| 0.4 to 0.5 | 125 | 2.2% | |
| 0.5 to 0.6 | 151 | 2.7% | |
| 0.6 to 0.7 | 150 | 2.7% | |
| 0.7 to 0.8 | 178 | 3.2% | |
| 0.8 to 0.9 | 177 | 3.1% | |
| 0.9 to 1.0 | 117 | 2.1% |
Frequently asked questions
What is the average correlation of OTEC?
OTEC (OTEC) has an average correlation of about -0.308 with other NASDAQ stocks, based on 5,644 pairwise observations.
Is OTEC positively correlated with other stocks?
Not predominantly — 25% of pairs are positive and 75% are negative. Strong positive correlations (≥0.7) make up 8.4%.
What is the most common correlation range for OTEC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.2% of all pairs.
Explore the full interactive correlation distribution for OTEC.
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