Ikena Oncology, Inc. Common Stock (IKNA) Correlation Distribution
Across 6,806 rolling correlation observations between Ikena Oncology, Inc. Common Stock (IKNA) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.6% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,806
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 37.6%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 330 | 4.8% | |
| -0.6 to -0.5 | 330 | 4.8% | |
| -0.5 to -0.4 | 258 | 3.8% | |
| -0.4 to -0.3 | 257 | 3.8% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 211 | 3.1% | |
| 0.2 to 0.3 | 211 | 3.1% | |
| 0.3 to 0.4 | 315 | 4.6% | |
| 0.4 to 0.5 | 314 | 4.6% | |
| 0.5 to 0.6 | 501 | 7.4% | |
| 0.6 to 0.7 | 501 | 7.4% | |
| 0.7 to 0.8 | 1,114 | 16.4% | |
| 0.8 to 0.9 | 1,114 | 16.4% | |
| 0.9 to 1.0 | 332 | 4.9% |
Frequently asked questions
What is the average correlation of IKNA?
Ikena Oncology, Inc. Common Stock (IKNA) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is IKNA positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 37.6%.
What is the most common correlation range for IKNA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for IKNA.
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