Utah Medical Products Inc (UTMD) Correlation Distribution
Across 6,809 rolling correlation observations between Utah Medical Products Inc (UTMD) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 8.1%.
- Total observations
- 6,809
- Mean correlation
- 0.095
- Most common range
- 0.3 to 0.4
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 6.1%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 269 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 288 | 4.2% | |
| -0.5 to -0.4 | 241 | 3.5% | |
| -0.4 to -0.3 | 240 | 3.5% | |
| -0.3 to -0.2 | 304 | 4.5% | |
| -0.2 to -0.1 | 304 | 4.5% | |
| -0.1 to 0.0 | 309 | 4.5% | |
| 0.0 to 0.1 | 308 | 4.5% | |
| 0.1 to 0.2 | 507 | 7.4% | |
| 0.2 to 0.3 | 507 | 7.4% | |
| 0.3 to 0.4 | 794 | 11.7% | |
| 0.4 to 0.5 | 793 | 11.6% | |
| 0.5 to 0.6 | 481 | 7.1% | |
| 0.6 to 0.7 | 480 | 7.0% | |
| 0.7 to 0.8 | 201 | 3.0% | |
| 0.8 to 0.9 | 200 | 2.9% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of UTMD?
Utah Medical Products Inc (UTMD) has an average correlation of about 0.095 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is UTMD positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for UTMD?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 32.9% of all pairs.
Explore the full interactive correlation distribution for UTMD.
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