Tenon Medical, Inc. Common Stock (TNON) Correlation Distribution
Across 6,711 rolling correlation observations between Tenon Medical, Inc. Common Stock (TNON) and other NASDAQ-listed stocks, 61.1% are positive and 38.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.113, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,711
- Mean correlation
- 0.113
- Most common range
- 0.3 to 0.4
- Positive pairs
- 61.1%
- Strong positive (≥0.7)
- 2.8%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 24 | 0.4% | |
| -0.6 to -0.5 | 23 | 0.3% | |
| -0.5 to -0.4 | 360 | 5.4% | |
| -0.4 to -0.3 | 360 | 5.4% | |
| -0.3 to -0.2 | 656 | 9.8% | |
| -0.2 to -0.1 | 656 | 9.8% | |
| -0.1 to 0.0 | 490 | 7.3% | |
| 0.0 to 0.1 | 489 | 7.3% | |
| 0.1 to 0.2 | 647 | 9.6% | |
| 0.2 to 0.3 | 647 | 9.6% | |
| 0.3 to 0.4 | 783 | 11.7% | |
| 0.4 to 0.5 | 783 | 11.7% | |
| 0.5 to 0.6 | 281 | 4.2% | |
| 0.6 to 0.7 | 281 | 4.2% | |
| 0.7 to 0.8 | 89 | 1.3% | |
| 0.8 to 0.9 | 89 | 1.3% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of TNON?
Tenon Medical, Inc. Common Stock (TNON) has an average correlation of about 0.113 with other NASDAQ stocks, based on 6,711 pairwise observations.
Is TNON positively correlated with other stocks?
Mostly yes — 61.1% of pairs are positive and 38.9% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for TNON?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 53.4% of all pairs.
Explore the full interactive correlation distribution for TNON.
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