Immunocore Holdings plc American Depositary Shares (IMCR) Correlation Distribution
Across 6,806 rolling correlation observations between Immunocore Holdings plc American Depositary Shares (IMCR) and other NASDAQ-listed stocks, 26.2% are positive and 73.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.176, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.4% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,806
- Mean correlation
- -0.176
- Most common range
- -0.3 to -0.2
- Positive pairs
- 26.2%
- Strong positive (≥0.7)
- 1.4%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 87 | 1.3% | |
| -0.8 to -0.7 | 87 | 1.3% | |
| -0.7 to -0.6 | 451 | 6.6% | |
| -0.6 to -0.5 | 450 | 6.6% | |
| -0.5 to -0.4 | 861 | 12.7% | |
| -0.4 to -0.3 | 861 | 12.7% | |
| -0.3 to -0.2 | 894 | 13.1% | |
| -0.2 to -0.1 | 894 | 13.1% | |
| -0.1 to 0.0 | 438 | 6.4% | |
| 0.0 to 0.1 | 437 | 6.4% | |
| 0.1 to 0.2 | 264 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 213 | 3.1% | |
| 0.4 to 0.5 | 213 | 3.1% | |
| 0.5 to 0.6 | 150 | 2.2% | |
| 0.6 to 0.7 | 149 | 2.2% | |
| 0.7 to 0.8 | 46 | 0.7% | |
| 0.8 to 0.9 | 46 | 0.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of IMCR?
Immunocore Holdings plc American Depositary Shares (IMCR) has an average correlation of about -0.176 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is IMCR positively correlated with other stocks?
Not predominantly — 26.2% of pairs are positive and 73.8% are negative. Strong positive correlations (≥0.7) make up 1.4%.
What is the most common correlation range for IMCR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.9% of all pairs.
Explore the full interactive correlation distribution for IMCR.
Open interactive dashboard →