AbCellera Biologics Inc. Common Shares (ABCL) Correlation Distribution
Across 6,808 rolling correlation observations between AbCellera Biologics Inc. Common Shares (ABCL) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.259, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,808
- Mean correlation
- 0.259
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 30.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 187 | 2.7% | |
| -0.8 to -0.7 | 186 | 2.7% | |
| -0.7 to -0.6 | 337 | 5.0% | |
| -0.6 to -0.5 | 336 | 4.9% | |
| -0.5 to -0.4 | 262 | 3.8% | |
| -0.4 to -0.3 | 262 | 3.8% | |
| -0.3 to -0.2 | 206 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 211 | 3.1% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 344 | 5.1% | |
| 0.4 to 0.5 | 343 | 5.0% | |
| 0.5 to 0.6 | 576 | 8.5% | |
| 0.6 to 0.7 | 576 | 8.5% | |
| 0.7 to 0.8 | 863 | 12.7% | |
| 0.8 to 0.9 | 863 | 12.7% | |
| 0.9 to 1.0 | 355 | 5.2% |
Frequently asked questions
What is the average correlation of ABCL?
AbCellera Biologics Inc. Common Shares (ABCL) has an average correlation of about 0.259 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ABCL positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for ABCL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for ABCL.
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