Adaptimmune Therapeutics plc American Depositary Shares (ADAP) Correlation Distribution
Across 6,809 rolling correlation observations between Adaptimmune Therapeutics plc American Depositary Shares (ADAP) and other NASDAQ-listed stocks, 63.4% are positive and 36.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.205, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 7.4%.
- Total observations
- 6,809
- Mean correlation
- 0.205
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.4%
- Strong positive (≥0.7)
- 28.9%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 250 | 3.7% | |
| -0.8 to -0.7 | 249 | 3.7% | |
| -0.7 to -0.6 | 391 | 5.7% | |
| -0.6 to -0.5 | 390 | 5.7% | |
| -0.5 to -0.4 | 259 | 3.8% | |
| -0.4 to -0.3 | 258 | 3.8% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 255 | 3.7% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 503 | 7.4% | |
| 0.6 to 0.7 | 502 | 7.4% | |
| 0.7 to 0.8 | 822 | 12.1% | |
| 0.8 to 0.9 | 822 | 12.1% | |
| 0.9 to 1.0 | 323 | 4.7% |
Frequently asked questions
What is the average correlation of ADAP?
Adaptimmune Therapeutics plc American Depositary Shares (ADAP) has an average correlation of about 0.205 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ADAP positively correlated with other stocks?
Mostly yes — 63.4% of pairs are positive and 36.6% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for ADAP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for ADAP.
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