Entera Bio Ltd. Ordinary Shares (ENTX) Correlation Distribution
Across 6,809 rolling correlation observations between Entera Bio Ltd. Ordinary Shares (ENTX) and other NASDAQ-listed stocks, 76.5% are positive and 23.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.5%
- Strong positive (≥0.7)
- 14.1%
- 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 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 104 | 1.5% | |
| -0.6 to -0.5 | 104 | 1.5% | |
| -0.5 to -0.4 | 160 | 2.3% | |
| -0.4 to -0.3 | 160 | 2.3% | |
| -0.3 to -0.2 | 318 | 4.7% | |
| -0.2 to -0.1 | 317 | 4.7% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 377 | 5.5% | |
| 0.1 to 0.2 | 472 | 6.9% | |
| 0.2 to 0.3 | 472 | 6.9% | |
| 0.3 to 0.4 | 654 | 9.6% | |
| 0.4 to 0.5 | 654 | 9.6% | |
| 0.5 to 0.6 | 810 | 11.9% | |
| 0.6 to 0.7 | 810 | 11.9% | |
| 0.7 to 0.8 | 444 | 6.5% | |
| 0.8 to 0.9 | 444 | 6.5% | |
| 0.9 to 1.0 | 70 | 1.0% |
Frequently asked questions
What is the average correlation of ENTX?
Entera Bio Ltd. Ordinary Shares (ENTX) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ENTX positively correlated with other stocks?
Mostly yes — 76.5% of pairs are positive and 23.5% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for ENTX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.3% of all pairs.
Explore the full interactive correlation distribution for ENTX.
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