Cabaletta Bio, Inc. Common Stock (CABA) Correlation Distribution
Across 6,809 rolling correlation observations between Cabaletta Bio, Inc. Common Stock (CABA) and other NASDAQ-listed stocks, 47.9% are positive and 52.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.024, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.024
- Most common range
- -0.1 to 0.0
- Positive pairs
- 47.9%
- Strong positive (≥0.7)
- 1.3%
- 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 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 160 | 2.3% | |
| -0.6 to -0.5 | 159 | 2.3% | |
| -0.5 to -0.4 | 457 | 6.7% | |
| -0.4 to -0.3 | 457 | 6.7% | |
| -0.3 to -0.2 | 671 | 9.9% | |
| -0.2 to -0.1 | 671 | 9.9% | |
| -0.1 to 0.0 | 909 | 13.3% | |
| 0.0 to 0.1 | 909 | 13.3% | |
| 0.1 to 0.2 | 767 | 11.3% | |
| 0.2 to 0.3 | 766 | 11.2% | |
| 0.3 to 0.4 | 255 | 3.7% | |
| 0.4 to 0.5 | 254 | 3.7% | |
| 0.5 to 0.6 | 110 | 1.6% | |
| 0.6 to 0.7 | 109 | 1.6% | |
| 0.7 to 0.8 | 38 | 0.6% | |
| 0.8 to 0.9 | 38 | 0.6% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of CABA?
Cabaletta Bio, Inc. Common Stock (CABA) has an average correlation of about -0.024 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CABA positively correlated with other stocks?
Not predominantly — 47.9% of pairs are positive and 52.1% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for CABA?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 68.9% of all pairs.
Explore the full interactive correlation distribution for CABA.
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