IMGN (IMGN) Correlation Distribution
Across 6,523 rolling correlation observations between IMGN (IMGN) and other NASDAQ-listed stocks, 33.9% are positive and 66.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.2% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,523
- Mean correlation
- -0.089
- Most common range
- -0.5 to -0.4
- Positive pairs
- 33.9%
- Strong positive (≥0.7)
- 7.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 64 | 1.0% | |
| -0.8 to -0.7 | 63 | 1.0% | |
| -0.7 to -0.6 | 316 | 4.8% | |
| -0.6 to -0.5 | 315 | 4.8% | |
| -0.5 to -0.4 | 949 | 14.5% | |
| -0.4 to -0.3 | 949 | 14.5% | |
| -0.3 to -0.2 | 666 | 10.2% | |
| -0.2 to -0.1 | 666 | 10.2% | |
| -0.1 to 0.0 | 324 | 5.0% | |
| 0.0 to 0.1 | 324 | 5.0% | |
| 0.1 to 0.2 | 266 | 4.1% | |
| 0.2 to 0.3 | 265 | 4.1% | |
| 0.3 to 0.4 | 229 | 3.5% | |
| 0.4 to 0.5 | 228 | 3.5% | |
| 0.5 to 0.6 | 216 | 3.3% | |
| 0.6 to 0.7 | 215 | 3.3% | |
| 0.7 to 0.8 | 228 | 3.5% | |
| 0.8 to 0.9 | 228 | 3.5% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of IMGN?
IMGN (IMGN) has an average correlation of about -0.089 with other NASDAQ stocks, based on 6,523 pairwise observations.
Is IMGN positively correlated with other stocks?
Not predominantly — 33.9% of pairs are positive and 66.1% are negative. Strong positive correlations (≥0.7) make up 7.2%.
What is the most common correlation range for IMGN?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for IMGN.
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