Evaxion A/S American Depositary Share (EVAX) Correlation Distribution
Across 6,806 rolling correlation observations between Evaxion A/S American Depositary Share (EVAX) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 43.2% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,806
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 43.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 59 | 0.9% | |
| -0.9 to -0.8 | 209 | 3.1% | |
| -0.8 to -0.7 | 209 | 3.1% | |
| -0.7 to -0.6 | 306 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 192 | 2.8% | |
| -0.4 to -0.3 | 191 | 2.8% | |
| -0.3 to -0.2 | 184 | 2.7% | |
| -0.2 to -0.1 | 183 | 2.7% | |
| -0.1 to 0.0 | 177 | 2.6% | |
| 0.0 to 0.1 | 176 | 2.6% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 190 | 2.8% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 235 | 3.5% | |
| 0.5 to 0.6 | 412 | 6.1% | |
| 0.6 to 0.7 | 412 | 6.1% | |
| 0.7 to 0.8 | 1,116 | 16.4% | |
| 0.8 to 0.9 | 1,115 | 16.4% | |
| 0.9 to 1.0 | 708 | 10.4% |
Frequently asked questions
What is the average correlation of EVAX?
Evaxion A/S American Depositary Share (EVAX) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is EVAX positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 43.2%.
What is the most common correlation range for EVAX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.2% of all pairs.
Explore the full interactive correlation distribution for EVAX.
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