EFFECTOR THERAPUTCS INC (EFTR) Correlation Distribution
Across 6,800 rolling correlation observations between EFFECTOR THERAPUTCS INC (EFTR) and other NASDAQ-listed stocks, 72.2% are positive and 27.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.343, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,800
- Mean correlation
- 0.343
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.2%
- Strong positive (≥0.7)
- 35.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 205 | 3.0% | |
| -0.6 to -0.5 | 204 | 3.0% | |
| -0.5 to -0.4 | 319 | 4.7% | |
| -0.4 to -0.3 | 318 | 4.7% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 349 | 5.1% | |
| 0.4 to 0.5 | 348 | 5.1% | |
| 0.5 to 0.6 | 534 | 7.9% | |
| 0.6 to 0.7 | 534 | 7.9% | |
| 0.7 to 0.8 | 952 | 14.0% | |
| 0.8 to 0.9 | 952 | 14.0% | |
| 0.9 to 1.0 | 481 | 7.1% |
Frequently asked questions
What is the average correlation of EFTR?
EFFECTOR THERAPUTCS INC (EFTR) has an average correlation of about 0.343 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is EFTR positively correlated with other stocks?
Mostly yes — 72.2% of pairs are positive and 27.8% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for EFTR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.4% of all pairs.
Explore the full interactive correlation distribution for EFTR.
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