Carisma Therapeutics, Inc. Common Stock (CARM) Correlation Distribution
Across 6,174 rolling correlation observations between Carisma Therapeutics, Inc. Common Stock (CARM) and other NASDAQ-listed stocks, 47.6% are positive and 52.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 13.2%.
- Total observations
- 6,174
- Mean correlation
- -0.007
- Most common range
- -0.7 to -0.6
- Positive pairs
- 47.6%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 407 | 6.6% | |
| -0.8 to -0.7 | 406 | 6.6% | |
| -0.7 to -0.6 | 521 | 8.4% | |
| -0.6 to -0.5 | 521 | 8.4% | |
| -0.5 to -0.4 | 340 | 5.5% | |
| -0.4 to -0.3 | 339 | 5.5% | |
| -0.3 to -0.2 | 255 | 4.1% | |
| -0.2 to -0.1 | 255 | 4.1% | |
| -0.1 to 0.0 | 192 | 3.1% | |
| 0.0 to 0.1 | 192 | 3.1% | |
| 0.1 to 0.2 | 194 | 3.1% | |
| 0.2 to 0.3 | 193 | 3.1% | |
| 0.3 to 0.4 | 269 | 4.4% | |
| 0.4 to 0.5 | 269 | 4.4% | |
| 0.5 to 0.6 | 374 | 6.1% | |
| 0.6 to 0.7 | 373 | 6.0% | |
| 0.7 to 0.8 | 509 | 8.2% | |
| 0.8 to 0.9 | 508 | 8.2% | |
| 0.9 to 1.0 | 57 | 0.9% |
Frequently asked questions
What is the average correlation of CARM?
Carisma Therapeutics, Inc. Common Stock (CARM) has an average correlation of about -0.007 with other NASDAQ stocks, based on 6,174 pairwise observations.
Is CARM positively correlated with other stocks?
Not predominantly — 47.6% of pairs are positive and 52.4% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for CARM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for CARM.
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