Editas Medicine, Inc. Common Stock (EDIT) Correlation Distribution
Across 6,809 rolling correlation observations between Editas Medicine, Inc. Common Stock (EDIT) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.7% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 6,809
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 35.7%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 183 | 2.7% | |
| -0.8 to -0.7 | 183 | 2.7% | |
| -0.7 to -0.6 | 355 | 5.2% | |
| -0.6 to -0.5 | 355 | 5.2% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 270 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 474 | 7.0% | |
| 0.7 to 0.8 | 1,084 | 15.9% | |
| 0.8 to 0.9 | 1,084 | 15.9% | |
| 0.9 to 1.0 | 266 | 3.9% |
Frequently asked questions
What is the average correlation of EDIT?
Editas Medicine, Inc. Common Stock (EDIT) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EDIT positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 35.7%.
What is the most common correlation range for EDIT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.8% of all pairs.
Explore the full interactive correlation distribution for EDIT.
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