RadNet, Inc. Common Stock (RDNT) Correlation Distribution
Across 6,809 rolling correlation observations between RadNet, Inc. Common Stock (RDNT) and other NASDAQ-listed stocks, 42.9% are positive and 57.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- -0.009
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.9%
- Strong positive (≥0.7)
- 15%
- Sector
- Services-Medical Laboratories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 142 | 2.1% | |
| -0.8 to -0.7 | 142 | 2.1% | |
| -0.7 to -0.6 | 489 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 735 | 10.8% | |
| -0.4 to -0.3 | 734 | 10.8% | |
| -0.3 to -0.2 | 424 | 6.2% | |
| -0.2 to -0.1 | 423 | 6.2% | |
| -0.1 to 0.0 | 306 | 4.5% | |
| 0.0 to 0.1 | 305 | 4.5% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 240 | 3.5% | |
| 0.4 to 0.5 | 239 | 3.5% | |
| 0.5 to 0.6 | 311 | 4.6% | |
| 0.6 to 0.7 | 310 | 4.6% | |
| 0.7 to 0.8 | 410 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 203 | 3.0% |
Frequently asked questions
What is the average correlation of RDNT?
RadNet, Inc. Common Stock (RDNT) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RDNT positively correlated with other stocks?
Not predominantly — 42.9% of pairs are positive and 57.1% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for RDNT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for RDNT.
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