Fortress Biotech, Inc. (FBIO) Correlation Distribution
Across 6,809 rolling correlation observations between Fortress Biotech, Inc. (FBIO) and other NASDAQ-listed stocks, 67.1% are positive and 32.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.287, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 40.3% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,809
- Mean correlation
- 0.287
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.1%
- Strong positive (≥0.7)
- 40.3%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 271 | 4.0% | |
| -0.8 to -0.7 | 270 | 4.0% | |
| -0.7 to -0.6 | 312 | 4.6% | |
| -0.6 to -0.5 | 311 | 4.6% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 234 | 3.4% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 190 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 249 | 3.7% | |
| 0.4 to 0.5 | 249 | 3.7% | |
| 0.5 to 0.6 | 373 | 5.5% | |
| 0.6 to 0.7 | 373 | 5.5% | |
| 0.7 to 0.8 | 931 | 13.7% | |
| 0.8 to 0.9 | 931 | 13.7% | |
| 0.9 to 1.0 | 882 | 13.0% |
Frequently asked questions
What is the average correlation of FBIO?
Fortress Biotech, Inc. (FBIO) has an average correlation of about 0.287 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FBIO positively correlated with other stocks?
Mostly yes — 67.1% of pairs are positive and 32.9% are negative. Strong positive correlations (≥0.7) make up 40.3%.
What is the most common correlation range for FBIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for FBIO.
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