Akari Therapeutics plc ADR (0.01 USD) (AKTX) Correlation Distribution
Across 6,809 rolling correlation observations between Akari Therapeutics plc ADR (0.01 USD) (AKTX) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.2% and strong negative correlations (≤−0.7) for 8.9%.
- Total observations
- 6,809
- Mean correlation
- 0.269
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 38.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 302 | 4.4% | |
| -0.8 to -0.7 | 302 | 4.4% | |
| -0.7 to -0.6 | 305 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 223 | 3.3% | |
| -0.4 to -0.3 | 222 | 3.3% | |
| -0.3 to -0.2 | 204 | 3.0% | |
| -0.2 to -0.1 | 203 | 3.0% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 194 | 2.8% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 264 | 3.9% | |
| 0.4 to 0.5 | 263 | 3.9% | |
| 0.5 to 0.6 | 405 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 1,034 | 15.2% | |
| 0.8 to 0.9 | 1,034 | 15.2% | |
| 0.9 to 1.0 | 536 | 7.9% |
Frequently asked questions
What is the average correlation of AKTX?
Akari Therapeutics plc ADR (0.01 USD) (AKTX) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AKTX positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 38.2%.
What is the most common correlation range for AKTX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.7% of all pairs.
Explore the full interactive correlation distribution for AKTX.
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