Structure Therapeutics Inc. American Depositary Shares (GPCR) Correlation Distribution
Across 6,237 rolling correlation observations between Structure Therapeutics Inc. American Depositary Shares (GPCR) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.103, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,237
- Mean correlation
- -0.103
- Most common range
- -0.3 to -0.2
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.4% | |
| -0.8 to -0.7 | 22 | 0.4% | |
| -0.7 to -0.6 | 263 | 4.2% | |
| -0.6 to -0.5 | 262 | 4.2% | |
| -0.5 to -0.4 | 616 | 9.9% | |
| -0.4 to -0.3 | 616 | 9.9% | |
| -0.3 to -0.2 | 788 | 12.6% | |
| -0.2 to -0.1 | 788 | 12.6% | |
| -0.1 to 0.0 | 607 | 9.7% | |
| 0.0 to 0.1 | 606 | 9.7% | |
| 0.1 to 0.2 | 444 | 7.1% | |
| 0.2 to 0.3 | 443 | 7.1% | |
| 0.3 to 0.4 | 289 | 4.6% | |
| 0.4 to 0.5 | 289 | 4.6% | |
| 0.5 to 0.6 | 86 | 1.4% | |
| 0.6 to 0.7 | 86 | 1.4% | |
| 0.7 to 0.8 | 5 | 0.1% | |
| 0.8 to 0.9 | 4 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of GPCR?
Structure Therapeutics Inc. American Depositary Shares (GPCR) has an average correlation of about -0.103 with other NASDAQ stocks, based on 6,237 pairwise observations.
Is GPCR positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for GPCR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 58.9% of all pairs.
Explore the full interactive correlation distribution for GPCR.
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