Briacell Therapeutics Corp. Common Shares (BCTX) Correlation Distribution
Across 6,806 rolling correlation observations between Briacell Therapeutics Corp. Common Shares (BCTX) and other NASDAQ-listed stocks, 62% are positive and 38% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.6% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,806
- Mean correlation
- 0.087
- Most common range
- 0.3 to 0.4
- Positive pairs
- 62%
- Strong positive (≥0.7)
- 7.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 16 | 0.2% | |
| -0.9 to -0.8 | 342 | 5.0% | |
| -0.8 to -0.7 | 342 | 5.0% | |
| -0.7 to -0.6 | 281 | 4.1% | |
| -0.6 to -0.5 | 281 | 4.1% | |
| -0.5 to -0.4 | 240 | 3.5% | |
| -0.4 to -0.3 | 240 | 3.5% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 310 | 4.6% | |
| 0.0 to 0.1 | 309 | 4.5% | |
| 0.1 to 0.2 | 499 | 7.3% | |
| 0.2 to 0.3 | 499 | 7.3% | |
| 0.3 to 0.4 | 656 | 9.6% | |
| 0.4 to 0.5 | 656 | 9.6% | |
| 0.5 to 0.6 | 543 | 8.0% | |
| 0.6 to 0.7 | 542 | 8.0% | |
| 0.7 to 0.8 | 246 | 3.6% | |
| 0.8 to 0.9 | 245 | 3.6% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of BCTX?
Briacell Therapeutics Corp. Common Shares (BCTX) has an average correlation of about 0.087 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BCTX positively correlated with other stocks?
Mostly yes — 62% of pairs are positive and 38% are negative. Strong positive correlations (≥0.7) make up 7.6%.
What is the most common correlation range for BCTX?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 31.6% of all pairs.
Explore the full interactive correlation distribution for BCTX.
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