Elevation Oncology, Inc. Common stock (ELEV) Correlation Distribution
Across 6,806 rolling correlation observations between Elevation Oncology, Inc. Common stock (ELEV) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,806
- Mean correlation
- 0.305
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 28%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 112 | 1.6% | |
| -0.6 to -0.5 | 112 | 1.6% | |
| -0.5 to -0.4 | 325 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 375 | 5.5% | |
| -0.2 to -0.1 | 374 | 5.5% | |
| -0.1 to 0.0 | 350 | 5.1% | |
| 0.0 to 0.1 | 350 | 5.1% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 415 | 6.1% | |
| 0.4 to 0.5 | 414 | 6.1% | |
| 0.5 to 0.6 | 542 | 8.0% | |
| 0.6 to 0.7 | 542 | 8.0% | |
| 0.7 to 0.8 | 892 | 13.1% | |
| 0.8 to 0.9 | 892 | 13.1% | |
| 0.9 to 1.0 | 120 | 1.8% |
Frequently asked questions
What is the average correlation of ELEV?
Elevation Oncology, Inc. Common stock (ELEV) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ELEV positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 28%.
What is the most common correlation range for ELEV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for ELEV.
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