Pro-Dex Inc New (PDEX) Correlation Distribution
Across 6,792 rolling correlation observations between Pro-Dex Inc New (PDEX) and other NASDAQ-listed stocks, 60.6% are positive and 39.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,792
- Mean correlation
- 0.096
- Most common range
- 0.1 to 0.2
- Positive pairs
- 60.6%
- Strong positive (≥0.7)
- 5%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 141 | 2.1% | |
| -0.6 to -0.5 | 140 | 2.1% | |
| -0.5 to -0.4 | 346 | 5.1% | |
| -0.4 to -0.3 | 345 | 5.1% | |
| -0.3 to -0.2 | 472 | 6.9% | |
| -0.2 to -0.1 | 471 | 6.9% | |
| -0.1 to 0.0 | 706 | 10.4% | |
| 0.0 to 0.1 | 706 | 10.4% | |
| 0.1 to 0.2 | 736 | 10.8% | |
| 0.2 to 0.3 | 735 | 10.8% | |
| 0.3 to 0.4 | 479 | 7.1% | |
| 0.4 to 0.5 | 479 | 7.1% | |
| 0.5 to 0.6 | 322 | 4.7% | |
| 0.6 to 0.7 | 321 | 4.7% | |
| 0.7 to 0.8 | 167 | 2.5% | |
| 0.8 to 0.9 | 166 | 2.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of PDEX?
Pro-Dex Inc New (PDEX) has an average correlation of about 0.096 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is PDEX positively correlated with other stocks?
Mostly yes — 60.6% of pairs are positive and 39.4% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for PDEX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 56.3% of all pairs.
Explore the full interactive correlation distribution for PDEX.
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