Cytek Biosciences, Inc. Common Stock (CTKB) Correlation Distribution
Across 6,804 rolling correlation observations between Cytek Biosciences, Inc. Common Stock (CTKB) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.296, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 36.6% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,804
- Mean correlation
- 0.296
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 36.6%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 184 | 2.7% | |
| -0.7 to -0.6 | 335 | 4.9% | |
| -0.6 to -0.5 | 335 | 4.9% | |
| -0.5 to -0.4 | 230 | 3.4% | |
| -0.4 to -0.3 | 229 | 3.4% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 190 | 2.8% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 226 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 303 | 4.5% | |
| 0.5 to 0.6 | 500 | 7.3% | |
| 0.6 to 0.7 | 500 | 7.3% | |
| 0.7 to 0.8 | 1,100 | 16.2% | |
| 0.8 to 0.9 | 1,100 | 16.2% | |
| 0.9 to 1.0 | 291 | 4.3% |
Frequently asked questions
What is the average correlation of CTKB?
Cytek Biosciences, Inc. Common Stock (CTKB) has an average correlation of about 0.296 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is CTKB positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 36.6%.
What is the most common correlation range for CTKB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for CTKB.
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