Addex Therapeutics Ltd American Depositary Shares (ADXN) Correlation Distribution
Across 6,804 rolling correlation observations between Addex Therapeutics Ltd American Depositary Shares (ADXN) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 36.4% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,804
- Mean correlation
- 0.283
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 36.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 173 | 2.5% | |
| -0.8 to -0.7 | 172 | 2.5% | |
| -0.7 to -0.6 | 337 | 5.0% | |
| -0.6 to -0.5 | 337 | 5.0% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 221 | 3.2% | |
| -0.2 to -0.1 | 220 | 3.2% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 289 | 4.2% | |
| 0.4 to 0.5 | 289 | 4.2% | |
| 0.5 to 0.6 | 412 | 6.1% | |
| 0.6 to 0.7 | 411 | 6.0% | |
| 0.7 to 0.8 | 840 | 12.3% | |
| 0.8 to 0.9 | 840 | 12.3% | |
| 0.9 to 1.0 | 799 | 11.7% |
Frequently asked questions
What is the average correlation of ADXN?
Addex Therapeutics Ltd American Depositary Shares (ADXN) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is ADXN positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 36.4%.
What is the most common correlation range for ADXN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for ADXN.
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