AVENUE THERAPEUTICS INC (ATXI) Correlation Distribution
Across 6,808 rolling correlation observations between AVENUE THERAPEUTICS INC (ATXI) and other NASDAQ-listed stocks, 60.4% are positive and 39.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.168, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23% and strong negative correlations (≤−0.7) for 6%.
- Total observations
- 6,808
- Mean correlation
- 0.168
- Most common range
- 0.7 to 0.8
- Positive pairs
- 60.4%
- Strong positive (≥0.7)
- 23%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 203 | 3.0% | |
| -0.8 to -0.7 | 203 | 3.0% | |
| -0.7 to -0.6 | 411 | 6.0% | |
| -0.6 to -0.5 | 411 | 6.0% | |
| -0.5 to -0.4 | 352 | 5.2% | |
| -0.4 to -0.3 | 352 | 5.2% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 362 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 539 | 7.9% | |
| 0.6 to 0.7 | 539 | 7.9% | |
| 0.7 to 0.8 | 597 | 8.8% | |
| 0.8 to 0.9 | 596 | 8.8% | |
| 0.9 to 1.0 | 376 | 5.5% |
Frequently asked questions
What is the average correlation of ATXI?
AVENUE THERAPEUTICS INC (ATXI) has an average correlation of about 0.168 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ATXI positively correlated with other stocks?
Mostly yes — 60.4% of pairs are positive and 39.6% are negative. Strong positive correlations (≥0.7) make up 23%.
What is the most common correlation range for ATXI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for ATXI.
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