BIO-PATH HOLDINGS INC (BPTH) Correlation Distribution
Across 6,809 rolling correlation observations between BIO-PATH HOLDINGS INC (BPTH) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.259, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- 0.259
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 37.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 65 | 1.0% | |
| -0.9 to -0.8 | 319 | 4.7% | |
| -0.8 to -0.7 | 319 | 4.7% | |
| -0.7 to -0.6 | 288 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 196 | 2.9% | |
| -0.4 to -0.3 | 195 | 2.9% | |
| -0.3 to -0.2 | 196 | 2.9% | |
| -0.2 to -0.1 | 195 | 2.9% | |
| -0.1 to 0.0 | 187 | 2.7% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 254 | 3.7% | |
| 0.4 to 0.5 | 254 | 3.7% | |
| 0.5 to 0.6 | 461 | 6.8% | |
| 0.6 to 0.7 | 461 | 6.8% | |
| 0.7 to 0.8 | 1,117 | 16.4% | |
| 0.8 to 0.9 | 1,116 | 16.4% | |
| 0.9 to 1.0 | 303 | 4.4% |
Frequently asked questions
What is the average correlation of BPTH?
BIO-PATH HOLDINGS INC (BPTH) has an average correlation of about 0.259 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BPTH positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for BPTH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for BPTH.
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