Exelixis Inc (EXEL) Correlation Distribution
Across 6,809 rolling correlation observations between Exelixis Inc (EXEL) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- -0.009
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 6.6%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 570 | 8.4% | |
| -0.4 to -0.3 | 569 | 8.4% | |
| -0.3 to -0.2 | 796 | 11.7% | |
| -0.2 to -0.1 | 795 | 11.7% | |
| -0.1 to 0.0 | 425 | 6.2% | |
| 0.0 to 0.1 | 424 | 6.2% | |
| 0.1 to 0.2 | 366 | 5.4% | |
| 0.2 to 0.3 | 365 | 5.4% | |
| 0.3 to 0.4 | 336 | 4.9% | |
| 0.4 to 0.5 | 336 | 4.9% | |
| 0.5 to 0.6 | 328 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 214 | 3.1% | |
| 0.8 to 0.9 | 214 | 3.1% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of EXEL?
Exelixis Inc (EXEL) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EXEL positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 6.6%.
What is the most common correlation range for EXEL?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.6% of all pairs.
Explore the full interactive correlation distribution for EXEL.
Open interactive dashboard →