Cyclacel Pharmaceuticals, Inc. 6% Cnvrtbl. Prfrd. Stock (CYCCP) Correlation Distribution
Across 6,437 rolling correlation observations between Cyclacel Pharmaceuticals, Inc. 6% Cnvrtbl. Prfrd. Stock (CYCCP) and other NASDAQ-listed stocks, 32.1% are positive and 67.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.113, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,437
- Mean correlation
- -0.113
- Most common range
- -0.3 to -0.2
- Positive pairs
- 32.1%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 237 | 3.7% | |
| -0.6 to -0.5 | 237 | 3.7% | |
| -0.5 to -0.4 | 808 | 12.6% | |
| -0.4 to -0.3 | 808 | 12.6% | |
| -0.3 to -0.2 | 879 | 13.7% | |
| -0.2 to -0.1 | 879 | 13.7% | |
| -0.1 to 0.0 | 511 | 7.9% | |
| 0.0 to 0.1 | 511 | 7.9% | |
| 0.1 to 0.2 | 346 | 5.4% | |
| 0.2 to 0.3 | 345 | 5.4% | |
| 0.3 to 0.4 | 264 | 4.1% | |
| 0.4 to 0.5 | 264 | 4.1% | |
| 0.5 to 0.6 | 148 | 2.3% | |
| 0.6 to 0.7 | 148 | 2.3% | |
| 0.7 to 0.8 | 22 | 0.3% | |
| 0.8 to 0.9 | 21 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CYCCP?
Cyclacel Pharmaceuticals, Inc. 6% Cnvrtbl. Prfrd. Stock (CYCCP) has an average correlation of about -0.113 with other NASDAQ stocks, based on 6,437 pairwise observations.
Is CYCCP positively correlated with other stocks?
Not predominantly — 32.1% of pairs are positive and 67.9% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for CYCCP?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 53.9% of all pairs.
Explore the full interactive correlation distribution for CYCCP.
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