Elicio Therapeutics, Inc. Common Stock (ELTX) Correlation Distribution
Across 5,995 rolling correlation observations between Elicio Therapeutics, Inc. Common Stock (ELTX) and other NASDAQ-listed stocks, 48.5% are positive and 51.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,995
- Mean correlation
- 0.031
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.5%
- Strong positive (≥0.7)
- 1.9%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 133 | 2.2% | |
| -0.6 to -0.5 | 132 | 2.2% | |
| -0.5 to -0.4 | 632 | 10.5% | |
| -0.4 to -0.3 | 631 | 10.5% | |
| -0.3 to -0.2 | 581 | 9.7% | |
| -0.2 to -0.1 | 581 | 9.7% | |
| -0.1 to 0.0 | 388 | 6.5% | |
| 0.0 to 0.1 | 388 | 6.5% | |
| 0.1 to 0.2 | 352 | 5.9% | |
| 0.2 to 0.3 | 352 | 5.9% | |
| 0.3 to 0.4 | 409 | 6.8% | |
| 0.4 to 0.5 | 408 | 6.8% | |
| 0.5 to 0.6 | 442 | 7.4% | |
| 0.6 to 0.7 | 442 | 7.4% | |
| 0.7 to 0.8 | 58 | 1.0% | |
| 0.8 to 0.9 | 58 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ELTX?
Elicio Therapeutics, Inc. Common Stock (ELTX) has an average correlation of about 0.031 with other NASDAQ stocks, based on 5,995 pairwise observations.
Is ELTX positively correlated with other stocks?
Not predominantly — 48.5% of pairs are positive and 51.5% are negative. Strong positive correlations (≥0.7) make up 1.9%.
What is the most common correlation range for ELTX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 44.1% of all pairs.
Explore the full interactive correlation distribution for ELTX.
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