Oxbridge Re Holdings Limited Warrant expiring 3/26/2029 (OXBRW) Correlation Distribution
Across 6,600 rolling correlation observations between Oxbridge Re Holdings Limited Warrant expiring 3/26/2029 (OXBRW) and other NASDAQ-listed stocks, 65.2% are positive and 34.8% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.12, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,600
- Mean correlation
- 0.12
- Most common range
- 0.1 to 0.2
- Positive pairs
- 65.2%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 88 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 171 | 2.6% | |
| -0.4 to -0.3 | 170 | 2.6% | |
| -0.3 to -0.2 | 474 | 7.2% | |
| -0.2 to -0.1 | 474 | 7.2% | |
| -0.1 to 0.0 | 801 | 12.1% | |
| 0.0 to 0.1 | 801 | 12.1% | |
| 0.1 to 0.2 | 809 | 12.3% | |
| 0.2 to 0.3 | 808 | 12.2% | |
| 0.3 to 0.4 | 597 | 9.0% | |
| 0.4 to 0.5 | 596 | 9.0% | |
| 0.5 to 0.6 | 277 | 4.2% | |
| 0.6 to 0.7 | 276 | 4.2% | |
| 0.7 to 0.8 | 65 | 1.0% | |
| 0.8 to 0.9 | 65 | 1.0% | |
| 0.9 to 1.0 | 10 | 0.2% |
Frequently asked questions
What is the average correlation of OXBRW?
Oxbridge Re Holdings Limited Warrant expiring 3/26/2029 (OXBRW) has an average correlation of about 0.12 with other NASDAQ stocks, based on 6,600 pairwise observations.
Is OXBRW positively correlated with other stocks?
Mostly yes — 65.2% of pairs are positive and 34.8% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for OXBRW?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 63.1% of all pairs.
Explore the full interactive correlation distribution for OXBRW.
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