ATAI Life Sciences N.V. Common Shares (ATAI) Correlation Distribution
Across 6,806 rolling correlation observations between ATAI Life Sciences N.V. Common Shares (ATAI) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.357, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.4% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,806
- Mean correlation
- 0.357
- Most common range
- 0.9 to 1.0
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 39.4%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 79 | 1.2% | |
| -0.8 to -0.7 | 79 | 1.2% | |
| -0.7 to -0.6 | 225 | 3.3% | |
| -0.6 to -0.5 | 224 | 3.3% | |
| -0.5 to -0.4 | 279 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 235 | 3.5% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 418 | 6.1% | |
| 0.6 to 0.7 | 417 | 6.1% | |
| 0.7 to 0.8 | 845 | 12.4% | |
| 0.8 to 0.9 | 844 | 12.4% | |
| 0.9 to 1.0 | 995 | 14.6% |
Frequently asked questions
What is the average correlation of ATAI?
ATAI Life Sciences N.V. Common Shares (ATAI) has an average correlation of about 0.357 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ATAI positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 39.4%.
What is the most common correlation range for ATAI?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for ATAI.
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