COMPASS Pathways Plc American Depository Shares (CMPS) Correlation Distribution
Across 6,808 rolling correlation observations between COMPASS Pathways Plc American Depository Shares (CMPS) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.8% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,808
- Mean correlation
- 0.283
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 35.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 167 | 2.5% | |
| -0.7 to -0.6 | 370 | 5.4% | |
| -0.6 to -0.5 | 369 | 5.4% | |
| -0.5 to -0.4 | 255 | 3.7% | |
| -0.4 to -0.3 | 254 | 3.7% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 231 | 3.4% | |
| 0.2 to 0.3 | 231 | 3.4% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 469 | 6.9% | |
| 0.6 to 0.7 | 469 | 6.9% | |
| 0.7 to 0.8 | 886 | 13.0% | |
| 0.8 to 0.9 | 885 | 13.0% | |
| 0.9 to 1.0 | 663 | 9.7% |
Frequently asked questions
What is the average correlation of CMPS?
COMPASS Pathways Plc American Depository Shares (CMPS) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CMPS positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 35.8%.
What is the most common correlation range for CMPS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for CMPS.
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