Inhibikase Therapeutics, Inc. Common Stock (IKT) Correlation Distribution
Across 6,808 rolling correlation observations between Inhibikase Therapeutics, Inc. Common Stock (IKT) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.301, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.3% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,808
- Mean correlation
- 0.301
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 32.3%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 113 | 1.7% | |
| -0.8 to -0.7 | 113 | 1.7% | |
| -0.7 to -0.6 | 256 | 3.8% | |
| -0.6 to -0.5 | 256 | 3.8% | |
| -0.5 to -0.4 | 302 | 4.4% | |
| -0.4 to -0.3 | 301 | 4.4% | |
| -0.3 to -0.2 | 243 | 3.6% | |
| -0.2 to -0.1 | 243 | 3.6% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 364 | 5.3% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 538 | 7.9% | |
| 0.6 to 0.7 | 538 | 7.9% | |
| 0.7 to 0.8 | 832 | 12.2% | |
| 0.8 to 0.9 | 831 | 12.2% | |
| 0.9 to 1.0 | 537 | 7.9% |
Frequently asked questions
What is the average correlation of IKT?
Inhibikase Therapeutics, Inc. Common Stock (IKT) has an average correlation of about 0.301 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is IKT positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 32.3%.
What is the most common correlation range for IKT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for IKT.
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