Cerus Corp (CERS) Correlation Distribution
Across 6,809 rolling correlation observations between Cerus Corp (CERS) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,809
- Mean correlation
- 0.244
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 34.7%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 46 | 0.7% | |
| -0.9 to -0.8 | 340 | 5.0% | |
| -0.8 to -0.7 | 339 | 5.0% | |
| -0.7 to -0.6 | 270 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 216 | 3.2% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 191 | 2.8% | |
| -0.1 to 0.0 | 210 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 289 | 4.2% | |
| 0.5 to 0.6 | 485 | 7.1% | |
| 0.6 to 0.7 | 485 | 7.1% | |
| 0.7 to 0.8 | 1,058 | 15.5% | |
| 0.8 to 0.9 | 1,057 | 15.5% | |
| 0.9 to 1.0 | 251 | 3.7% |
Frequently asked questions
What is the average correlation of CERS?
Cerus Corp (CERS) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CERS positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for CERS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for CERS.
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