Aura Biosciences, Inc. Common Stock (AURA) Correlation Distribution
Across 6,797 rolling correlation observations between Aura Biosciences, Inc. Common Stock (AURA) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.4% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,797
- Mean correlation
- 0.254
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 30.4%
- 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 | 217 | 3.2% | |
| -0.8 to -0.7 | 217 | 3.2% | |
| -0.7 to -0.6 | 325 | 4.8% | |
| -0.6 to -0.5 | 325 | 4.8% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 255 | 3.8% | |
| -0.3 to -0.2 | 204 | 3.0% | |
| -0.2 to -0.1 | 204 | 3.0% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 220 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 322 | 4.7% | |
| 0.4 to 0.5 | 321 | 4.7% | |
| 0.5 to 0.6 | 617 | 9.1% | |
| 0.6 to 0.7 | 617 | 9.1% | |
| 0.7 to 0.8 | 987 | 14.5% | |
| 0.8 to 0.9 | 987 | 14.5% | |
| 0.9 to 1.0 | 92 | 1.4% |
Frequently asked questions
What is the average correlation of AURA?
Aura Biosciences, Inc. Common Stock (AURA) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is AURA positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 30.4%.
What is the most common correlation range for AURA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for AURA.
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