Allurion Technologies, Inc. (ALUR) Correlation Distribution
Across 5,885 rolling correlation observations between Allurion Technologies, Inc. (ALUR) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19% and strong negative correlations (≤−0.7) for 25%.
- Total observations
- 5,885
- Mean correlation
- -0.064
- Most common range
- -0.9 to -0.8
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 19%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 143 | 2.4% | |
| -0.9 to -0.8 | 664 | 11.3% | |
| -0.8 to -0.7 | 663 | 11.3% | |
| -0.7 to -0.6 | 349 | 5.9% | |
| -0.6 to -0.5 | 349 | 5.9% | |
| -0.5 to -0.4 | 245 | 4.2% | |
| -0.4 to -0.3 | 245 | 4.2% | |
| -0.3 to -0.2 | 194 | 3.3% | |
| -0.2 to -0.1 | 194 | 3.3% | |
| -0.1 to 0.0 | 183 | 3.1% | |
| 0.0 to 0.1 | 183 | 3.1% | |
| 0.1 to 0.2 | 180 | 3.1% | |
| 0.2 to 0.3 | 179 | 3.0% | |
| 0.3 to 0.4 | 198 | 3.4% | |
| 0.4 to 0.5 | 197 | 3.3% | |
| 0.5 to 0.6 | 300 | 5.1% | |
| 0.6 to 0.7 | 300 | 5.1% | |
| 0.7 to 0.8 | 467 | 7.9% | |
| 0.8 to 0.9 | 467 | 7.9% | |
| 0.9 to 1.0 | 185 | 3.1% |
Frequently asked questions
What is the average correlation of ALUR?
Allurion Technologies, Inc. (ALUR) has an average correlation of about -0.064 with other NASDAQ stocks, based on 5,885 pairwise observations.
Is ALUR positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 19%.
What is the most common correlation range for ALUR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for ALUR.
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