COMERA LIFE SCIENCES WTS (CMRAW) Correlation Distribution
Across 5,865 rolling correlation observations between COMERA LIFE SCIENCES WTS (CMRAW) and other NASDAQ-listed stocks, 63.7% are positive and 36.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.177, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 5,865
- Mean correlation
- 0.177
- Most common range
- 0.5 to 0.6
- Positive pairs
- 63.7%
- Strong positive (≥0.7)
- 13.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 37 | 0.6% | |
| -0.7 to -0.6 | 356 | 6.1% | |
| -0.6 to -0.5 | 356 | 6.1% | |
| -0.5 to -0.4 | 299 | 5.1% | |
| -0.4 to -0.3 | 299 | 5.1% | |
| -0.3 to -0.2 | 258 | 4.4% | |
| -0.2 to -0.1 | 258 | 4.4% | |
| -0.1 to 0.0 | 230 | 3.9% | |
| 0.0 to 0.1 | 230 | 3.9% | |
| 0.1 to 0.2 | 287 | 4.9% | |
| 0.2 to 0.3 | 286 | 4.9% | |
| 0.3 to 0.4 | 405 | 6.9% | |
| 0.4 to 0.5 | 405 | 6.9% | |
| 0.5 to 0.6 | 670 | 11.4% | |
| 0.6 to 0.7 | 669 | 11.4% | |
| 0.7 to 0.8 | 389 | 6.6% | |
| 0.8 to 0.9 | 388 | 6.6% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of CMRAW?
COMERA LIFE SCIENCES WTS (CMRAW) has an average correlation of about 0.177 with other NASDAQ stocks, based on 5,865 pairwise observations.
Is CMRAW positively correlated with other stocks?
Mostly yes — 63.7% of pairs are positive and 36.3% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for CMRAW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for CMRAW.
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