Owlet, Inc. (OWLT) Correlation Distribution
Across 6,804 rolling correlation observations between Owlet, Inc. (OWLT) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,804
- Mean correlation
- 0.317
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 35.1%
- Sector
- Measuring & Controlling Devices, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 269 | 4.0% | |
| -0.6 to -0.5 | 268 | 3.9% | |
| -0.5 to -0.4 | 292 | 4.3% | |
| -0.4 to -0.3 | 292 | 4.3% | |
| -0.3 to -0.2 | 264 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 300 | 4.4% | |
| 0.4 to 0.5 | 300 | 4.4% | |
| 0.5 to 0.6 | 510 | 7.5% | |
| 0.6 to 0.7 | 509 | 7.5% | |
| 0.7 to 0.8 | 1,083 | 15.9% | |
| 0.8 to 0.9 | 1,082 | 15.9% | |
| 0.9 to 1.0 | 223 | 3.3% |
Frequently asked questions
What is the average correlation of OWLT?
Owlet, Inc. (OWLT) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is OWLT positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for OWLT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for OWLT.
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