Amgen Inc (AMGN) Correlation Distribution
Across 6,809 rolling correlation observations between Amgen Inc (AMGN) and other NASDAQ-listed stocks, 34.9% are positive and 65.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.14, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.14
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.9%
- Strong positive (≥0.7)
- 5.3%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 146 | 2.1% | |
| -0.8 to -0.7 | 145 | 2.1% | |
| -0.7 to -0.6 | 872 | 12.8% | |
| -0.6 to -0.5 | 872 | 12.8% | |
| -0.5 to -0.4 | 707 | 10.4% | |
| -0.4 to -0.3 | 706 | 10.4% | |
| -0.3 to -0.2 | 363 | 5.3% | |
| -0.2 to -0.1 | 363 | 5.3% | |
| -0.1 to 0.0 | 262 | 3.8% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 272 | 4.0% | |
| 0.4 to 0.5 | 272 | 4.0% | |
| 0.5 to 0.6 | 363 | 5.3% | |
| 0.6 to 0.7 | 362 | 5.3% | |
| 0.7 to 0.8 | 182 | 2.7% | |
| 0.8 to 0.9 | 181 | 2.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AMGN?
Amgen Inc (AMGN) has an average correlation of about -0.14 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AMGN positively correlated with other stocks?
Not predominantly — 34.9% of pairs are positive and 65.1% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for AMGN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.4% of all pairs.
Explore the full interactive correlation distribution for AMGN.
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