Check-Cap Ltd. (CHEK) Correlation Distribution
Across 6,809 rolling correlation observations between Check-Cap Ltd. (CHEK) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.317
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 35.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 295 | 4.3% | |
| -0.4 to -0.3 | 294 | 4.3% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 228 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 310 | 4.6% | |
| 0.4 to 0.5 | 310 | 4.6% | |
| 0.5 to 0.6 | 533 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 985 | 14.5% | |
| 0.8 to 0.9 | 985 | 14.5% | |
| 0.9 to 1.0 | 418 | 6.1% |
Frequently asked questions
What is the average correlation of CHEK?
Check-Cap Ltd. (CHEK) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CHEK positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for CHEK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for CHEK.
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