I-MAB American Depositary Shares (IMAB) Correlation Distribution
Across 6,809 rolling correlation observations between I-MAB American Depositary Shares (IMAB) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.334, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.7% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.334
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 39.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 333 | 4.9% | |
| -0.6 to -0.5 | 332 | 4.9% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 266 | 3.9% | |
| 0.4 to 0.5 | 265 | 3.9% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 453 | 6.7% | |
| 0.7 to 0.8 | 959 | 14.1% | |
| 0.8 to 0.9 | 958 | 14.1% | |
| 0.9 to 1.0 | 784 | 11.5% |
Frequently asked questions
What is the average correlation of IMAB?
I-MAB American Depositary Shares (IMAB) has an average correlation of about 0.334 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IMAB positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 39.7%.
What is the most common correlation range for IMAB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for IMAB.
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