Beam Therapeutics Inc. Common Stock (BEAM) Correlation Distribution
Across 6,809 rolling correlation observations between Beam Therapeutics Inc. Common Stock (BEAM) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.326, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.326
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 32.6%
- 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 | 74 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 221 | 3.2% | |
| -0.6 to -0.5 | 221 | 3.2% | |
| -0.5 to -0.4 | 291 | 4.3% | |
| -0.4 to -0.3 | 291 | 4.3% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 367 | 5.4% | |
| 0.4 to 0.5 | 366 | 5.4% | |
| 0.5 to 0.6 | 607 | 8.9% | |
| 0.6 to 0.7 | 607 | 8.9% | |
| 0.7 to 0.8 | 1,035 | 15.2% | |
| 0.8 to 0.9 | 1,035 | 15.2% | |
| 0.9 to 1.0 | 149 | 2.2% |
Frequently asked questions
What is the average correlation of BEAM?
Beam Therapeutics Inc. Common Stock (BEAM) has an average correlation of about 0.326 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BEAM positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 32.6%.
What is the most common correlation range for BEAM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for BEAM.
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