Cytokinetics Inc. (CYTK) Correlation Distribution
Across 6,808 rolling correlation observations between Cytokinetics Inc. (CYTK) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.105, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,808
- Mean correlation
- -0.105
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 38 | 0.6% | |
| -0.7 to -0.6 | 746 | 11.0% | |
| -0.6 to -0.5 | 745 | 10.9% | |
| -0.5 to -0.4 | 632 | 9.3% | |
| -0.4 to -0.3 | 631 | 9.3% | |
| -0.3 to -0.2 | 515 | 7.6% | |
| -0.2 to -0.1 | 515 | 7.6% | |
| -0.1 to 0.0 | 367 | 5.4% | |
| 0.0 to 0.1 | 366 | 5.4% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 385 | 5.7% | |
| 0.4 to 0.5 | 385 | 5.7% | |
| 0.5 to 0.6 | 357 | 5.2% | |
| 0.6 to 0.7 | 357 | 5.2% | |
| 0.7 to 0.8 | 57 | 0.8% | |
| 0.8 to 0.9 | 57 | 0.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CYTK?
Cytokinetics Inc. (CYTK) has an average correlation of about -0.105 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CYTK positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for CYTK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 35% of all pairs.
Explore the full interactive correlation distribution for CYTK.
Open interactive dashboard →