Crinetics Pharmaceuticals, Inc. (CRNX) Correlation Distribution
Across 6,809 rolling correlation observations between Crinetics Pharmaceuticals, Inc. (CRNX) and other NASDAQ-listed stocks, 40.7% are positive and 59.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- -0.046
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.7%
- Strong positive (≥0.7)
- 11.9%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 111 | 1.6% | |
| -0.8 to -0.7 | 111 | 1.6% | |
| -0.7 to -0.6 | 595 | 8.7% | |
| -0.6 to -0.5 | 595 | 8.7% | |
| -0.5 to -0.4 | 778 | 11.4% | |
| -0.4 to -0.3 | 777 | 11.4% | |
| -0.3 to -0.2 | 390 | 5.7% | |
| -0.2 to -0.1 | 390 | 5.7% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 327 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 388 | 5.7% | |
| 0.8 to 0.9 | 388 | 5.7% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of CRNX?
Crinetics Pharmaceuticals, Inc. (CRNX) has an average correlation of about -0.046 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRNX positively correlated with other stocks?
Not predominantly — 40.7% of pairs are positive and 59.3% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for CRNX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.3% of all pairs.
Explore the full interactive correlation distribution for CRNX.
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