argenx SE American Depositary Shares (ARGX) Correlation Distribution
Across 6,809 rolling correlation observations between argenx SE American Depositary Shares (ARGX) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.131, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,809
- Mean correlation
- -0.131
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 12%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 318 | 4.7% | |
| -0.8 to -0.7 | 318 | 4.7% | |
| -0.7 to -0.6 | 1,007 | 14.8% | |
| -0.6 to -0.5 | 1,006 | 14.8% | |
| -0.5 to -0.4 | 444 | 6.5% | |
| -0.4 to -0.3 | 444 | 6.5% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 273 | 4.0% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 223 | 3.3% | |
| 0.4 to 0.5 | 222 | 3.3% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 316 | 4.6% | |
| 0.7 to 0.8 | 400 | 5.9% | |
| 0.8 to 0.9 | 399 | 5.9% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of ARGX?
argenx SE American Depositary Shares (ARGX) has an average correlation of about -0.131 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ARGX positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for ARGX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for ARGX.
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