HCW Biologics Inc. Common Stock (HCWB) Correlation Distribution
Across 6,802 rolling correlation observations between HCW Biologics Inc. Common Stock (HCWB) and other NASDAQ-listed stocks, 66.9% are positive and 33.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.3% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,802
- Mean correlation
- 0.229
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.9%
- Strong positive (≥0.7)
- 28.3%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 324 | 4.8% | |
| -0.8 to -0.7 | 324 | 4.8% | |
| -0.7 to -0.6 | 307 | 4.5% | |
| -0.6 to -0.5 | 306 | 4.5% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 211 | 3.1% | |
| -0.3 to -0.2 | 185 | 2.7% | |
| -0.2 to -0.1 | 185 | 2.7% | |
| -0.1 to 0.0 | 194 | 2.9% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 336 | 4.9% | |
| 0.4 to 0.5 | 335 | 4.9% | |
| 0.5 to 0.6 | 666 | 9.8% | |
| 0.6 to 0.7 | 665 | 9.8% | |
| 0.7 to 0.8 | 947 | 13.9% | |
| 0.8 to 0.9 | 947 | 13.9% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of HCWB?
HCW Biologics Inc. Common Stock (HCWB) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is HCWB positively correlated with other stocks?
Mostly yes — 66.9% of pairs are positive and 33.1% are negative. Strong positive correlations (≥0.7) make up 28.3%.
What is the most common correlation range for HCWB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.5% of all pairs.
Explore the full interactive correlation distribution for HCWB.
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