Celldex Therapeutics, Inc (CLDX) Correlation Distribution
Across 6,809 rolling correlation observations between Celldex Therapeutics, Inc (CLDX) and other NASDAQ-listed stocks, 62.7% are positive and 37.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.9% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.1
- Most common range
- -0.1 to 0.0
- Positive pairs
- 62.7%
- Strong positive (≥0.7)
- 0.9%
- Sector
- In Vitro & In Vivo Diagnostic Substances
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 256 | 3.8% | |
| -0.3 to -0.2 | 524 | 7.7% | |
| -0.2 to -0.1 | 523 | 7.7% | |
| -0.1 to 0.0 | 823 | 12.1% | |
| 0.0 to 0.1 | 823 | 12.1% | |
| 0.1 to 0.2 | 794 | 11.7% | |
| 0.2 to 0.3 | 793 | 11.6% | |
| 0.3 to 0.4 | 638 | 9.4% | |
| 0.4 to 0.5 | 638 | 9.4% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 32 | 0.5% | |
| 0.8 to 0.9 | 32 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CLDX?
Celldex Therapeutics, Inc (CLDX) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLDX positively correlated with other stocks?
Mostly yes — 62.7% of pairs are positive and 37.3% are negative. Strong positive correlations (≥0.7) make up 0.9%.
What is the most common correlation range for CLDX?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 62.9% of all pairs.
Explore the full interactive correlation distribution for CLDX.
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