ImmunityBio, Inc. Common Stock (IBRX) Correlation Distribution
Across 6,806 rolling correlation observations between ImmunityBio, Inc. Common Stock (IBRX) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,806
- Mean correlation
- 0.278
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 19.8%
- 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 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 114 | 1.7% | |
| -0.6 to -0.5 | 114 | 1.7% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 365 | 5.4% | |
| -0.2 to -0.1 | 364 | 5.3% | |
| -0.1 to 0.0 | 383 | 5.6% | |
| 0.0 to 0.1 | 382 | 5.6% | |
| 0.1 to 0.2 | 368 | 5.4% | |
| 0.2 to 0.3 | 368 | 5.4% | |
| 0.3 to 0.4 | 468 | 6.9% | |
| 0.4 to 0.5 | 468 | 6.9% | |
| 0.5 to 0.6 | 699 | 10.3% | |
| 0.6 to 0.7 | 698 | 10.3% | |
| 0.7 to 0.8 | 626 | 9.2% | |
| 0.8 to 0.9 | 625 | 9.2% | |
| 0.9 to 1.0 | 97 | 1.4% |
Frequently asked questions
What is the average correlation of IBRX?
ImmunityBio, Inc. Common Stock (IBRX) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is IBRX positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 19.8%.
What is the most common correlation range for IBRX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.8% of all pairs.
Explore the full interactive correlation distribution for IBRX.
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