Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) Correlation Distribution
Across 6,809 rolling correlation observations between Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.218, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.1% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,809
- Mean correlation
- 0.218
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 21.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 316 | 4.6% | |
| -0.8 to -0.7 | 315 | 4.6% | |
| -0.7 to -0.6 | 277 | 4.1% | |
| -0.6 to -0.5 | 276 | 4.1% | |
| -0.5 to -0.4 | 212 | 3.1% | |
| -0.4 to -0.3 | 211 | 3.1% | |
| -0.3 to -0.2 | 193 | 2.8% | |
| -0.2 to -0.1 | 193 | 2.8% | |
| -0.1 to 0.0 | 204 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 412 | 6.1% | |
| 0.4 to 0.5 | 412 | 6.1% | |
| 0.5 to 0.6 | 827 | 12.1% | |
| 0.6 to 0.7 | 827 | 12.1% | |
| 0.7 to 0.8 | 703 | 10.3% | |
| 0.8 to 0.9 | 702 | 10.3% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of FBIOP?
Fortress Biotech, Inc. 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP) has an average correlation of about 0.218 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FBIOP positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 21.1%.
What is the most common correlation range for FBIOP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 18.8% of all pairs.
Explore the full interactive correlation distribution for FBIOP.
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