Ernexa Therapeutics Inc. Common Stock (ERNA) Correlation Distribution
Across 6,451 rolling correlation observations between Ernexa Therapeutics Inc. Common Stock (ERNA) and other NASDAQ-listed stocks, 53.5% are positive and 46.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 22.6% and strong negative correlations (≤−0.7) for 14%.
- Total observations
- 6,451
- Mean correlation
- 0.064
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53.5%
- Strong positive (≥0.7)
- 22.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 450 | 7.0% | |
| -0.8 to -0.7 | 449 | 7.0% | |
| -0.7 to -0.6 | 400 | 6.2% | |
| -0.6 to -0.5 | 400 | 6.2% | |
| -0.5 to -0.4 | 278 | 4.3% | |
| -0.4 to -0.3 | 278 | 4.3% | |
| -0.3 to -0.2 | 250 | 3.9% | |
| -0.2 to -0.1 | 250 | 3.9% | |
| -0.1 to 0.0 | 242 | 3.8% | |
| 0.0 to 0.1 | 241 | 3.7% | |
| 0.1 to 0.2 | 224 | 3.5% | |
| 0.2 to 0.3 | 223 | 3.5% | |
| 0.3 to 0.4 | 268 | 4.2% | |
| 0.4 to 0.5 | 267 | 4.1% | |
| 0.5 to 0.6 | 387 | 6.0% | |
| 0.6 to 0.7 | 386 | 6.0% | |
| 0.7 to 0.8 | 713 | 11.1% | |
| 0.8 to 0.9 | 712 | 11.0% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of ERNA?
Ernexa Therapeutics Inc. Common Stock (ERNA) has an average correlation of about 0.064 with other NASDAQ stocks, based on 6,451 pairwise observations.
Is ERNA positively correlated with other stocks?
Mostly yes — 53.5% of pairs are positive and 46.5% are negative. Strong positive correlations (≥0.7) make up 22.6%.
What is the most common correlation range for ERNA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for ERNA.
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