OTMOW (OTMOW) Correlation Distribution
Across 5,946 rolling correlation observations between OTMOW (OTMOW) and other NASDAQ-listed stocks, 79.1% are positive and 20.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.448, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 47.3% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 5,946
- Mean correlation
- 0.448
- Most common range
- 0.7 to 0.8
- Positive pairs
- 79.1%
- Strong positive (≥0.7)
- 47.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 87 | 1.5% | |
| -0.8 to -0.7 | 86 | 1.4% | |
| -0.7 to -0.6 | 166 | 2.8% | |
| -0.6 to -0.5 | 165 | 2.8% | |
| -0.5 to -0.4 | 148 | 2.5% | |
| -0.4 to -0.3 | 147 | 2.5% | |
| -0.3 to -0.2 | 144 | 2.4% | |
| -0.2 to -0.1 | 143 | 2.4% | |
| -0.1 to 0.0 | 156 | 2.6% | |
| 0.0 to 0.1 | 156 | 2.6% | |
| 0.1 to 0.2 | 175 | 2.9% | |
| 0.2 to 0.3 | 175 | 2.9% | |
| 0.3 to 0.4 | 259 | 4.4% | |
| 0.4 to 0.5 | 259 | 4.4% | |
| 0.5 to 0.6 | 434 | 7.3% | |
| 0.6 to 0.7 | 434 | 7.3% | |
| 0.7 to 0.8 | 970 | 16.3% | |
| 0.8 to 0.9 | 970 | 16.3% | |
| 0.9 to 1.0 | 871 | 14.6% |
Frequently asked questions
What is the average correlation of OTMOW?
OTMOW (OTMOW) has an average correlation of about 0.448 with other NASDAQ stocks, based on 5,946 pairwise observations.
Is OTMOW positively correlated with other stocks?
Mostly yes — 79.1% of pairs are positive and 20.9% are negative. Strong positive correlations (≥0.7) make up 47.3%.
What is the most common correlation range for OTMOW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16% of all pairs.
Explore the full interactive correlation distribution for OTMOW.
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