TransMedics Group, Inc. Common Stock (TMDX) Correlation Distribution
Across 6,809 rolling correlation observations between TransMedics Group, Inc. Common Stock (TMDX) and other NASDAQ-listed stocks, 35.7% are positive and 64.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.142, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.9% and strong negative correlations (≤−0.7) for 7.7%.
- Total observations
- 6,809
- Mean correlation
- -0.142
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.7%
- Strong positive (≥0.7)
- 8.9%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 262 | 3.8% | |
| -0.8 to -0.7 | 261 | 3.8% | |
| -0.7 to -0.6 | 995 | 14.6% | |
| -0.6 to -0.5 | 994 | 14.6% | |
| -0.5 to -0.4 | 496 | 7.3% | |
| -0.4 to -0.3 | 496 | 7.3% | |
| -0.3 to -0.2 | 323 | 4.7% | |
| -0.2 to -0.1 | 323 | 4.7% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 244 | 3.6% | |
| 0.4 to 0.5 | 244 | 3.6% | |
| 0.5 to 0.6 | 332 | 4.9% | |
| 0.6 to 0.7 | 331 | 4.9% | |
| 0.7 to 0.8 | 301 | 4.4% | |
| 0.8 to 0.9 | 300 | 4.4% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of TMDX?
TransMedics Group, Inc. Common Stock (TMDX) has an average correlation of about -0.142 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TMDX positively correlated with other stocks?
Not predominantly — 35.7% of pairs are positive and 64.3% are negative. Strong positive correlations (≥0.7) make up 8.9%.
What is the most common correlation range for TMDX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for TMDX.
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