Journey Medical Corporation Common Stock (DERM) Correlation Distribution
Across 6,795 rolling correlation observations between Journey Medical Corporation Common Stock (DERM) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.177, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.6% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,795
- Mean correlation
- 0.177
- Most common range
- 0.3 to 0.4
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 5.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 67 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 169 | 2.5% | |
| -0.5 to -0.4 | 238 | 3.5% | |
| -0.4 to -0.3 | 237 | 3.5% | |
| -0.3 to -0.2 | 337 | 5.0% | |
| -0.2 to -0.1 | 337 | 5.0% | |
| -0.1 to 0.0 | 486 | 7.2% | |
| 0.0 to 0.1 | 485 | 7.1% | |
| 0.1 to 0.2 | 581 | 8.6% | |
| 0.2 to 0.3 | 580 | 8.5% | |
| 0.3 to 0.4 | 747 | 11.0% | |
| 0.4 to 0.5 | 747 | 11.0% | |
| 0.5 to 0.6 | 583 | 8.6% | |
| 0.6 to 0.7 | 583 | 8.6% | |
| 0.7 to 0.8 | 174 | 2.6% | |
| 0.8 to 0.9 | 173 | 2.5% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of DERM?
Journey Medical Corporation Common Stock (DERM) has an average correlation of about 0.177 with other NASDAQ stocks, based on 6,795 pairwise observations.
Is DERM positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 5.6%.
What is the most common correlation range for DERM?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.3% of all pairs.
Explore the full interactive correlation distribution for DERM.
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