ONTRAK INC 9.50% A PFD (OTRKP) Correlation Distribution
Across 6,802 rolling correlation observations between ONTRAK INC 9.50% A PFD (OTRKP) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.301, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.9% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,802
- Mean correlation
- 0.301
- Most common range
- 0.9 to 1.0
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 38.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 171 | 2.5% | |
| -0.8 to -0.7 | 171 | 2.5% | |
| -0.7 to -0.6 | 337 | 5.0% | |
| -0.6 to -0.5 | 336 | 4.9% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 189 | 2.8% | |
| 0.0 to 0.1 | 188 | 2.8% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 416 | 6.1% | |
| 0.6 to 0.7 | 415 | 6.1% | |
| 0.7 to 0.8 | 853 | 12.5% | |
| 0.8 to 0.9 | 852 | 12.5% | |
| 0.9 to 1.0 | 940 | 13.8% |
Frequently asked questions
What is the average correlation of OTRKP?
ONTRAK INC 9.50% A PFD (OTRKP) has an average correlation of about 0.301 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is OTRKP positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 38.9%.
What is the most common correlation range for OTRKP?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for OTRKP.
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