Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) Correlation Distribution
Across 6,803 rolling correlation observations between Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) and other NASDAQ-listed stocks, 66.8% are positive and 33.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.185, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.6% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,803
- Mean correlation
- 0.185
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.8%
- Strong positive (≥0.7)
- 7.6%
- 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 | 161 | 2.4% | |
| -0.8 to -0.7 | 160 | 2.4% | |
| -0.7 to -0.6 | 353 | 5.2% | |
| -0.6 to -0.5 | 353 | 5.2% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 276 | 4.1% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 226 | 3.3% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 522 | 7.7% | |
| 0.4 to 0.5 | 521 | 7.7% | |
| 0.5 to 0.6 | 1,080 | 15.9% | |
| 0.6 to 0.7 | 1,080 | 15.9% | |
| 0.7 to 0.8 | 260 | 3.8% | |
| 0.8 to 0.9 | 259 | 3.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of POWWP?
Outdoor Holding Company 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (POWWP) has an average correlation of about 0.185 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is POWWP positively correlated with other stocks?
Mostly yes — 66.8% of pairs are positive and 33.2% are negative. Strong positive correlations (≥0.7) make up 7.6%.
What is the most common correlation range for POWWP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for POWWP.
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