Humacyte, Inc. Common Stock (HUMA) Correlation Distribution
Across 6,804 rolling correlation observations between Humacyte, Inc. Common Stock (HUMA) and other NASDAQ-listed stocks, 74.4% are positive and 25.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.323, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.8% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,804
- Mean correlation
- 0.323
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.4%
- Strong positive (≥0.7)
- 22.8%
- 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 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 64 | 0.9% | |
| -0.6 to -0.5 | 63 | 0.9% | |
| -0.5 to -0.4 | 197 | 2.9% | |
| -0.4 to -0.3 | 196 | 2.9% | |
| -0.3 to -0.2 | 408 | 6.0% | |
| -0.2 to -0.1 | 408 | 6.0% | |
| -0.1 to 0.0 | 391 | 5.7% | |
| 0.0 to 0.1 | 390 | 5.7% | |
| 0.1 to 0.2 | 414 | 6.1% | |
| 0.2 to 0.3 | 414 | 6.1% | |
| 0.3 to 0.4 | 481 | 7.1% | |
| 0.4 to 0.5 | 481 | 7.1% | |
| 0.5 to 0.6 | 668 | 9.8% | |
| 0.6 to 0.7 | 667 | 9.8% | |
| 0.7 to 0.8 | 733 | 10.8% | |
| 0.8 to 0.9 | 733 | 10.8% | |
| 0.9 to 1.0 | 84 | 1.2% |
Frequently asked questions
What is the average correlation of HUMA?
Humacyte, Inc. Common Stock (HUMA) has an average correlation of about 0.323 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is HUMA positively correlated with other stocks?
Mostly yes — 74.4% of pairs are positive and 25.6% are negative. Strong positive correlations (≥0.7) make up 22.8%.
What is the most common correlation range for HUMA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 35.6% of all pairs.
Explore the full interactive correlation distribution for HUMA.
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