PMD (PMD) Correlation Distribution
Across 6,793 rolling correlation observations between PMD (PMD) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.6% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,793
- Mean correlation
- 0.242
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 20.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 116 | 1.7% | |
| -0.9 to -0.8 | 171 | 2.5% | |
| -0.8 to -0.7 | 170 | 2.5% | |
| -0.7 to -0.6 | 264 | 3.9% | |
| -0.6 to -0.5 | 263 | 3.9% | |
| -0.5 to -0.4 | 220 | 3.2% | |
| -0.4 to -0.3 | 220 | 3.2% | |
| -0.3 to -0.2 | 189 | 2.8% | |
| -0.2 to -0.1 | 188 | 2.8% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 479 | 7.1% | |
| 0.4 to 0.5 | 478 | 7.0% | |
| 0.5 to 0.6 | 808 | 11.9% | |
| 0.6 to 0.7 | 807 | 11.9% | |
| 0.7 to 0.8 | 660 | 9.7% | |
| 0.8 to 0.9 | 660 | 9.7% | |
| 0.9 to 1.0 | 77 | 1.1% |
Frequently asked questions
What is the average correlation of PMD?
PMD (PMD) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is PMD positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 20.6%.
What is the most common correlation range for PMD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for PMD.
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