QuidelOrtho Corporation Common Stock (QDEL) Correlation Distribution
Across 6,809 rolling correlation observations between QuidelOrtho Corporation Common Stock (QDEL) and other NASDAQ-listed stocks, 61.3% are positive and 38.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.152, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25% and strong negative correlations (≤−0.7) for 13.2%.
- Total observations
- 6,809
- Mean correlation
- 0.152
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.3%
- Strong positive (≥0.7)
- 25%
- Sector
- In Vitro & In Vivo Diagnostic Substances
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 40 | 0.6% | |
| -0.9 to -0.8 | 429 | 6.3% | |
| -0.8 to -0.7 | 429 | 6.3% | |
| -0.7 to -0.6 | 331 | 4.9% | |
| -0.6 to -0.5 | 331 | 4.9% | |
| -0.5 to -0.4 | 215 | 3.2% | |
| -0.4 to -0.3 | 214 | 3.1% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 226 | 3.3% | |
| 0.2 to 0.3 | 225 | 3.3% | |
| 0.3 to 0.4 | 329 | 4.8% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 574 | 8.4% | |
| 0.6 to 0.7 | 573 | 8.4% | |
| 0.7 to 0.8 | 818 | 12.0% | |
| 0.8 to 0.9 | 818 | 12.0% | |
| 0.9 to 1.0 | 66 | 1.0% |
Frequently asked questions
What is the average correlation of QDEL?
QuidelOrtho Corporation Common Stock (QDEL) has an average correlation of about 0.152 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is QDEL positively correlated with other stocks?
Mostly yes — 61.3% of pairs are positive and 38.7% are negative. Strong positive correlations (≥0.7) make up 25%.
What is the most common correlation range for QDEL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for QDEL.
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