4D Molecular Therapeutics, Inc. Common Stock (FDMT) Correlation Distribution
Across 6,808 rolling correlation observations between 4D Molecular Therapeutics, Inc. Common Stock (FDMT) and other NASDAQ-listed stocks, 66.2% are positive and 33.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,808
- Mean correlation
- 0.197
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.2%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 189 | 2.8% | |
| -0.6 to -0.5 | 188 | 2.8% | |
| -0.5 to -0.4 | 366 | 5.4% | |
| -0.4 to -0.3 | 365 | 5.4% | |
| -0.3 to -0.2 | 377 | 5.5% | |
| -0.2 to -0.1 | 377 | 5.5% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 421 | 6.2% | |
| 0.2 to 0.3 | 421 | 6.2% | |
| 0.3 to 0.4 | 548 | 8.0% | |
| 0.4 to 0.5 | 548 | 8.0% | |
| 0.5 to 0.6 | 749 | 11.0% | |
| 0.6 to 0.7 | 748 | 11.0% | |
| 0.7 to 0.8 | 348 | 5.1% | |
| 0.8 to 0.9 | 347 | 5.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FDMT?
4D Molecular Therapeutics, Inc. Common Stock (FDMT) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is FDMT positively correlated with other stocks?
Mostly yes — 66.2% of pairs are positive and 33.8% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for FDMT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.5% of all pairs.
Explore the full interactive correlation distribution for FDMT.
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