Akoya BioSciences, Inc. Common Stock (AKYA) Correlation Distribution
Across 6,806 rolling correlation observations between Akoya BioSciences, Inc. Common Stock (AKYA) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.261, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.1% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,806
- Mean correlation
- 0.261
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 34.1%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 55 | 0.8% | |
| -0.9 to -0.8 | 336 | 4.9% | |
| -0.8 to -0.7 | 335 | 4.9% | |
| -0.7 to -0.6 | 264 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 188 | 2.8% | |
| -0.4 to -0.3 | 188 | 2.8% | |
| -0.3 to -0.2 | 162 | 2.4% | |
| -0.2 to -0.1 | 162 | 2.4% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 574 | 8.4% | |
| 0.6 to 0.7 | 573 | 8.4% | |
| 0.7 to 0.8 | 1,067 | 15.7% | |
| 0.8 to 0.9 | 1,067 | 15.7% | |
| 0.9 to 1.0 | 186 | 2.7% |
Frequently asked questions
What is the average correlation of AKYA?
Akoya BioSciences, Inc. Common Stock (AKYA) has an average correlation of about 0.261 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is AKYA positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 34.1%.
What is the most common correlation range for AKYA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.2% of all pairs.
Explore the full interactive correlation distribution for AKYA.
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