Immunovant, Inc. Common Stock (IMVT) Correlation Distribution
Across 6,809 rolling correlation observations between Immunovant, Inc. Common Stock (IMVT) and other NASDAQ-listed stocks, 34.2% are positive and 65.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.143
- Most common range
- -0.3 to -0.2
- Positive pairs
- 34.2%
- Strong positive (≥0.7)
- 2.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 490 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 650 | 9.5% | |
| -0.4 to -0.3 | 650 | 9.5% | |
| -0.3 to -0.2 | 672 | 9.9% | |
| -0.2 to -0.1 | 671 | 9.9% | |
| -0.1 to 0.0 | 597 | 8.8% | |
| 0.0 to 0.1 | 597 | 8.8% | |
| 0.1 to 0.2 | 483 | 7.1% | |
| 0.2 to 0.3 | 483 | 7.1% | |
| 0.3 to 0.4 | 205 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 86 | 1.3% | |
| 0.6 to 0.7 | 85 | 1.2% | |
| 0.7 to 0.8 | 75 | 1.1% | |
| 0.8 to 0.9 | 75 | 1.1% | |
| 0.9 to 1.0 | 33 | 0.5% |
Frequently asked questions
What is the average correlation of IMVT?
Immunovant, Inc. Common Stock (IMVT) has an average correlation of about -0.143 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IMVT positively correlated with other stocks?
Not predominantly — 34.2% of pairs are positive and 65.8% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for IMVT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 51.4% of all pairs.
Explore the full interactive correlation distribution for IMVT.
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