Connect Biopharma Holdings Limited American Depositary Shares (CNTB) Correlation Distribution
Across 6,806 rolling correlation observations between Connect Biopharma Holdings Limited American Depositary Shares (CNTB) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,806
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 33%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 147 | 2.2% | |
| -0.6 to -0.5 | 146 | 2.1% | |
| -0.5 to -0.4 | 311 | 4.6% | |
| -0.4 to -0.3 | 311 | 4.6% | |
| -0.3 to -0.2 | 352 | 5.2% | |
| -0.2 to -0.1 | 352 | 5.2% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 259 | 3.8% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 516 | 7.6% | |
| 0.6 to 0.7 | 515 | 7.6% | |
| 0.7 to 0.8 | 948 | 13.9% | |
| 0.8 to 0.9 | 947 | 13.9% | |
| 0.9 to 1.0 | 350 | 5.1% |
Frequently asked questions
What is the average correlation of CNTB?
Connect Biopharma Holdings Limited American Depositary Shares (CNTB) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CNTB positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 33%.
What is the most common correlation range for CNTB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.5% of all pairs.
Explore the full interactive correlation distribution for CNTB.
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