ICPT (ICPT) Correlation Distribution
Across 6,375 rolling correlation observations between ICPT (ICPT) and other NASDAQ-listed stocks, 54% are positive and 46% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is -0.01, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 9%.
- Total observations
- 6,375
- Mean correlation
- -0.01
- Most common range
- 0.1 to 0.2
- Positive pairs
- 54%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 285 | 4.5% | |
| -0.8 to -0.7 | 285 | 4.5% | |
| -0.7 to -0.6 | 378 | 5.9% | |
| -0.6 to -0.5 | 378 | 5.9% | |
| -0.5 to -0.4 | 337 | 5.3% | |
| -0.4 to -0.3 | 336 | 5.3% | |
| -0.3 to -0.2 | 307 | 4.8% | |
| -0.2 to -0.1 | 306 | 4.8% | |
| -0.1 to 0.0 | 320 | 5.0% | |
| 0.0 to 0.1 | 319 | 5.0% | |
| 0.1 to 0.2 | 626 | 9.8% | |
| 0.2 to 0.3 | 626 | 9.8% | |
| 0.3 to 0.4 | 494 | 7.7% | |
| 0.4 to 0.5 | 494 | 7.7% | |
| 0.5 to 0.6 | 284 | 4.5% | |
| 0.6 to 0.7 | 283 | 4.4% | |
| 0.7 to 0.8 | 155 | 2.4% | |
| 0.8 to 0.9 | 155 | 2.4% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of ICPT?
ICPT (ICPT) has an average correlation of about -0.01 with other NASDAQ stocks, based on 6,375 pairwise observations.
Is ICPT positively correlated with other stocks?
Mostly yes — 54% of pairs are positive and 46% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for ICPT?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 39.3% of all pairs.
Explore the full interactive correlation distribution for ICPT.
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