Acurx Pharmaceuticals, Inc. Common Stock (ACXP) Correlation Distribution
Across 6,806 rolling correlation observations between Acurx Pharmaceuticals, Inc. Common Stock (ACXP) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 7.1%.
- Total observations
- 6,806
- Mean correlation
- 0.197
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 16.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 243 | 3.6% | |
| -0.8 to -0.7 | 242 | 3.6% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 339 | 5.0% | |
| -0.5 to -0.4 | 239 | 3.5% | |
| -0.4 to -0.3 | 239 | 3.5% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 210 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 267 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 447 | 6.6% | |
| 0.4 to 0.5 | 447 | 6.6% | |
| 0.5 to 0.6 | 894 | 13.1% | |
| 0.6 to 0.7 | 894 | 13.1% | |
| 0.7 to 0.8 | 548 | 8.1% | |
| 0.8 to 0.9 | 547 | 8.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ACXP?
Acurx Pharmaceuticals, Inc. Common Stock (ACXP) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ACXP positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for ACXP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for ACXP.
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