Absci Corporation Common Stock (ABSI) Correlation Distribution
Across 6,804 rolling correlation observations between Absci Corporation Common Stock (ABSI) and other NASDAQ-listed stocks, 72.4% are positive and 27.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.2% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,804
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.4%
- Strong positive (≥0.7)
- 30.2%
- Sector
- Services-Commercial Physical & Biological Research
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 116 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 367 | 5.4% | |
| -0.2 to -0.1 | 366 | 5.4% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 310 | 4.6% | |
| 0.2 to 0.3 | 310 | 4.6% | |
| 0.3 to 0.4 | 381 | 5.6% | |
| 0.4 to 0.5 | 380 | 5.6% | |
| 0.5 to 0.6 | 593 | 8.7% | |
| 0.6 to 0.7 | 592 | 8.7% | |
| 0.7 to 0.8 | 935 | 13.7% | |
| 0.8 to 0.9 | 934 | 13.7% | |
| 0.9 to 1.0 | 187 | 2.7% |
Frequently asked questions
What is the average correlation of ABSI?
Absci Corporation Common Stock (ABSI) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is ABSI positively correlated with other stocks?
Mostly yes — 72.4% of pairs are positive and 27.6% are negative. Strong positive correlations (≥0.7) make up 30.2%.
What is the most common correlation range for ABSI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for ABSI.
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