Fulgent Genetics, Inc. Common Stock (FLGT) Correlation Distribution
Across 6,809 rolling correlation observations between Fulgent Genetics, Inc. Common Stock (FLGT) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.3% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.317
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 34.3%
- Sector
- Services-Medical Laboratories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 108 | 1.6% | |
| -0.8 to -0.7 | 108 | 1.6% | |
| -0.7 to -0.6 | 276 | 4.1% | |
| -0.6 to -0.5 | 275 | 4.0% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 222 | 3.3% | |
| -0.2 to -0.1 | 222 | 3.3% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 331 | 4.9% | |
| 0.4 to 0.5 | 331 | 4.9% | |
| 0.5 to 0.6 | 586 | 8.6% | |
| 0.6 to 0.7 | 585 | 8.6% | |
| 0.7 to 0.8 | 1,052 | 15.5% | |
| 0.8 to 0.9 | 1,052 | 15.5% | |
| 0.9 to 1.0 | 231 | 3.4% |
Frequently asked questions
What is the average correlation of FLGT?
Fulgent Genetics, Inc. Common Stock (FLGT) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FLGT positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 34.3%.
What is the most common correlation range for FLGT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for FLGT.
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