Cidara Therapeutics, Inc. (CDTX) Correlation Distribution
Across 6,809 rolling correlation observations between Cidara Therapeutics, Inc. (CDTX) and other NASDAQ-listed stocks, 59.8% are positive and 40.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,809
- Mean correlation
- 0.133
- Most common range
- 0.5 to 0.6
- Positive pairs
- 59.8%
- Strong positive (≥0.7)
- 14%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 136 | 2.0% | |
| -0.8 to -0.7 | 136 | 2.0% | |
| -0.7 to -0.6 | 328 | 4.8% | |
| -0.6 to -0.5 | 328 | 4.8% | |
| -0.5 to -0.4 | 336 | 4.9% | |
| -0.4 to -0.3 | 336 | 4.9% | |
| -0.3 to -0.2 | 369 | 5.4% | |
| -0.2 to -0.1 | 369 | 5.4% | |
| -0.1 to 0.0 | 393 | 5.8% | |
| 0.0 to 0.1 | 393 | 5.8% | |
| 0.1 to 0.2 | 373 | 5.5% | |
| 0.2 to 0.3 | 372 | 5.5% | |
| 0.3 to 0.4 | 436 | 6.4% | |
| 0.4 to 0.5 | 435 | 6.4% | |
| 0.5 to 0.6 | 555 | 8.2% | |
| 0.6 to 0.7 | 555 | 8.2% | |
| 0.7 to 0.8 | 456 | 6.7% | |
| 0.8 to 0.9 | 455 | 6.7% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of CDTX?
Cidara Therapeutics, Inc. (CDTX) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CDTX positively correlated with other stocks?
Mostly yes — 59.8% of pairs are positive and 40.2% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for CDTX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.3% of all pairs.
Explore the full interactive correlation distribution for CDTX.
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