Cybin Inc. (CYBN) Correlation Distribution
Across 6,804 rolling correlation observations between Cybin Inc. (CYBN) 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 0.333, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,804
- Mean correlation
- 0.333
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 37.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 299 | 4.4% | |
| -0.5 to -0.4 | 304 | 4.5% | |
| -0.4 to -0.3 | 304 | 4.5% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 241 | 3.5% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 248 | 3.6% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 469 | 6.9% | |
| 0.6 to 0.7 | 469 | 6.9% | |
| 0.7 to 0.8 | 891 | 13.1% | |
| 0.8 to 0.9 | 890 | 13.1% | |
| 0.9 to 1.0 | 746 | 11.0% |
Frequently asked questions
What is the average correlation of CYBN?
Cybin Inc. (CYBN) has an average correlation of about 0.333 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is CYBN 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 37.1%.
What is the most common correlation range for CYBN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for CYBN.
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