Armata Pharmaceuticals, Inc. Common Stock (ARMP) Correlation Distribution
Across 6,807 rolling correlation observations between Armata Pharmaceuticals, Inc. Common Stock (ARMP) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.213, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,807
- Mean correlation
- 0.213
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 4.4%
- 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 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 205 | 3.0% | |
| -0.6 to -0.5 | 205 | 3.0% | |
| -0.5 to -0.4 | 393 | 5.8% | |
| -0.4 to -0.3 | 393 | 5.8% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 283 | 4.2% | |
| 0.1 to 0.2 | 346 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 637 | 9.4% | |
| 0.4 to 0.5 | 636 | 9.3% | |
| 0.5 to 0.6 | 1,057 | 15.5% | |
| 0.6 to 0.7 | 1,056 | 15.5% | |
| 0.7 to 0.8 | 150 | 2.2% | |
| 0.8 to 0.9 | 150 | 2.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ARMP?
Armata Pharmaceuticals, Inc. Common Stock (ARMP) has an average correlation of about 0.213 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is ARMP 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 4.4%.
What is the most common correlation range for ARMP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for ARMP.
Open interactive dashboard →