Femasys Inc. Common Stock (FEMY) Correlation Distribution
Across 6,805 rolling correlation observations between Femasys Inc. Common Stock (FEMY) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.34, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,805
- Mean correlation
- 0.34
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 35%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 164 | 2.4% | |
| -0.6 to -0.5 | 164 | 2.4% | |
| -0.5 to -0.4 | 349 | 5.1% | |
| -0.4 to -0.3 | 349 | 5.1% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 333 | 4.9% | |
| 0.5 to 0.6 | 465 | 6.8% | |
| 0.6 to 0.7 | 464 | 6.8% | |
| 0.7 to 0.8 | 811 | 11.9% | |
| 0.8 to 0.9 | 811 | 11.9% | |
| 0.9 to 1.0 | 760 | 11.2% |
Frequently asked questions
What is the average correlation of FEMY?
Femasys Inc. Common Stock (FEMY) has an average correlation of about 0.34 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is FEMY positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 35%.
What is the most common correlation range for FEMY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for FEMY.
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