Capricor Therapeutics Inc (CAPR) Correlation Distribution
Across 6,809 rolling correlation observations between Capricor Therapeutics Inc (CAPR) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- -0.014
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 3%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 161 | 2.4% | |
| -0.6 to -0.5 | 160 | 2.3% | |
| -0.5 to -0.4 | 667 | 9.8% | |
| -0.4 to -0.3 | 666 | 9.8% | |
| -0.3 to -0.2 | 941 | 13.8% | |
| -0.2 to -0.1 | 940 | 13.8% | |
| -0.1 to 0.0 | 446 | 6.6% | |
| 0.0 to 0.1 | 445 | 6.5% | |
| 0.1 to 0.2 | 389 | 5.7% | |
| 0.2 to 0.3 | 389 | 5.7% | |
| 0.3 to 0.4 | 339 | 5.0% | |
| 0.4 to 0.5 | 339 | 5.0% | |
| 0.5 to 0.6 | 357 | 5.2% | |
| 0.6 to 0.7 | 357 | 5.2% | |
| 0.7 to 0.8 | 100 | 1.5% | |
| 0.8 to 0.9 | 100 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CAPR?
Capricor Therapeutics Inc (CAPR) has an average correlation of about -0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAPR positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for CAPR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.1% of all pairs.
Explore the full interactive correlation distribution for CAPR.
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