Ginkgo Bioworks Holdings, Inc. (DNA) Correlation Distribution
Across 6,804 rolling correlation observations between Ginkgo Bioworks Holdings, Inc. (DNA) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,804
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 37.2%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 94 | 1.4% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 278 | 4.1% | |
| -0.5 to -0.4 | 305 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 222 | 3.3% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 217 | 3.2% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 489 | 7.2% | |
| 0.6 to 0.7 | 489 | 7.2% | |
| 0.7 to 0.8 | 889 | 13.1% | |
| 0.8 to 0.9 | 889 | 13.1% | |
| 0.9 to 1.0 | 751 | 11.0% |
Frequently asked questions
What is the average correlation of DNA?
Ginkgo Bioworks Holdings, Inc. (DNA) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is DNA positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for DNA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for DNA.
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