Quipt Home Medical Corp. Ordinary Shares (QIPT) Correlation Distribution
Across 6,806 rolling correlation observations between Quipt Home Medical Corp. Ordinary Shares (QIPT) and other NASDAQ-listed stocks, 64.8% are positive and 35.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.124, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.7% and strong negative correlations (≤−0.7) for 9.2%.
- Total observations
- 6,806
- Mean correlation
- 0.124
- Most common range
- 0.3 to 0.4
- Positive pairs
- 64.8%
- Strong positive (≥0.7)
- 7.7%
- Sector
- Services-Misc Health & Allied Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 307 | 4.5% | |
| -0.8 to -0.7 | 307 | 4.5% | |
| -0.7 to -0.6 | 296 | 4.3% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 225 | 3.3% | |
| -0.4 to -0.3 | 224 | 3.3% | |
| -0.3 to -0.2 | 240 | 3.5% | |
| -0.2 to -0.1 | 239 | 3.5% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 410 | 6.0% | |
| 0.2 to 0.3 | 409 | 6.0% | |
| 0.3 to 0.4 | 740 | 10.9% | |
| 0.4 to 0.5 | 739 | 10.9% | |
| 0.5 to 0.6 | 668 | 9.8% | |
| 0.6 to 0.7 | 667 | 9.8% | |
| 0.7 to 0.8 | 257 | 3.8% | |
| 0.8 to 0.9 | 257 | 3.8% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of QIPT?
Quipt Home Medical Corp. Ordinary Shares (QIPT) has an average correlation of about 0.124 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is QIPT positively correlated with other stocks?
Mostly yes — 64.8% of pairs are positive and 35.2% are negative. Strong positive correlations (≥0.7) make up 7.7%.
What is the most common correlation range for QIPT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for QIPT.
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