Innovative Industrial Properties, Inc. Common stock (IIPR) Correlation Distribution
Across 6,809 rolling correlation observations between Innovative Industrial Properties, Inc. Common stock (IIPR) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 29%
- Sector
- Real Estate
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 157 | 2.3% | |
| -0.6 to -0.5 | 156 | 2.3% | |
| -0.5 to -0.4 | 349 | 5.1% | |
| -0.4 to -0.3 | 349 | 5.1% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 632 | 9.3% | |
| 0.6 to 0.7 | 631 | 9.3% | |
| 0.7 to 0.8 | 934 | 13.7% | |
| 0.8 to 0.9 | 933 | 13.7% | |
| 0.9 to 1.0 | 110 | 1.6% |
Frequently asked questions
What is the average correlation of IIPR?
Innovative Industrial Properties, Inc. Common stock (IIPR) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IIPR positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for IIPR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for IIPR.
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