Crescent Biopharma, Inc. Common Stock (CBIO) Correlation Distribution
Across 6,372 rolling correlation observations between Crescent Biopharma, Inc. Common Stock (CBIO) and other NASDAQ-listed stocks, 64.5% are positive and 35.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.213, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.4% and strong negative correlations (≤−0.7) for 7.7%.
- Total observations
- 6,372
- Mean correlation
- 0.213
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.5%
- Strong positive (≥0.7)
- 28.4%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 234 | 3.7% | |
| -0.8 to -0.7 | 233 | 3.7% | |
| -0.7 to -0.6 | 284 | 4.5% | |
| -0.6 to -0.5 | 283 | 4.4% | |
| -0.5 to -0.4 | 267 | 4.2% | |
| -0.4 to -0.3 | 267 | 4.2% | |
| -0.3 to -0.2 | 216 | 3.4% | |
| -0.2 to -0.1 | 216 | 3.4% | |
| -0.1 to 0.0 | 236 | 3.7% | |
| 0.0 to 0.1 | 235 | 3.7% | |
| 0.1 to 0.2 | 264 | 4.1% | |
| 0.2 to 0.3 | 264 | 4.1% | |
| 0.3 to 0.4 | 334 | 5.2% | |
| 0.4 to 0.5 | 334 | 5.2% | |
| 0.5 to 0.6 | 437 | 6.9% | |
| 0.6 to 0.7 | 436 | 6.8% | |
| 0.7 to 0.8 | 744 | 11.7% | |
| 0.8 to 0.9 | 744 | 11.7% | |
| 0.9 to 1.0 | 320 | 5.0% |
Frequently asked questions
What is the average correlation of CBIO?
Crescent Biopharma, Inc. Common Stock (CBIO) has an average correlation of about 0.213 with other NASDAQ stocks, based on 6,372 pairwise observations.
Is CBIO positively correlated with other stocks?
Mostly yes — 64.5% of pairs are positive and 35.5% are negative. Strong positive correlations (≥0.7) make up 28.4%.
What is the most common correlation range for CBIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for CBIO.
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