Outdoor Holding Company Common Stock (POWW) Correlation Distribution
Across 6,808 rolling correlation observations between Outdoor Holding Company Common Stock (POWW) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.3% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,808
- Mean correlation
- 0.31
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 39.3%
- Sector
- Ordnance & Accessories, (No Vehicles/Guided Missiles)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 172 | 2.5% | |
| -0.8 to -0.7 | 172 | 2.5% | |
| -0.7 to -0.6 | 331 | 4.9% | |
| -0.6 to -0.5 | 330 | 4.8% | |
| -0.5 to -0.4 | 225 | 3.3% | |
| -0.4 to -0.3 | 225 | 3.3% | |
| -0.3 to -0.2 | 196 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 278 | 4.1% | |
| 0.4 to 0.5 | 278 | 4.1% | |
| 0.5 to 0.6 | 447 | 6.6% | |
| 0.6 to 0.7 | 447 | 6.6% | |
| 0.7 to 0.8 | 1,165 | 17.1% | |
| 0.8 to 0.9 | 1,165 | 17.1% | |
| 0.9 to 1.0 | 345 | 5.1% |
Frequently asked questions
What is the average correlation of POWW?
Outdoor Holding Company Common Stock (POWW) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is POWW positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 39.3%.
What is the most common correlation range for POWW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for POWW.
Open interactive dashboard →