Intelligent Bio Solutions Inc. Common Stock (INBS) Correlation Distribution
Across 6,436 rolling correlation observations between Intelligent Bio Solutions Inc. Common Stock (INBS) and other NASDAQ-listed stocks, 55.7% are positive and 44.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.113, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,436
- Mean correlation
- 0.113
- Most common range
- 0.5 to 0.6
- Positive pairs
- 55.7%
- Strong positive (≥0.7)
- 15.5%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 432 | 6.7% | |
| -0.6 to -0.5 | 431 | 6.7% | |
| -0.5 to -0.4 | 448 | 7.0% | |
| -0.4 to -0.3 | 447 | 6.9% | |
| -0.3 to -0.2 | 349 | 5.4% | |
| -0.2 to -0.1 | 349 | 5.4% | |
| -0.1 to 0.0 | 329 | 5.1% | |
| 0.0 to 0.1 | 328 | 5.1% | |
| 0.1 to 0.2 | 268 | 4.2% | |
| 0.2 to 0.3 | 268 | 4.2% | |
| 0.3 to 0.4 | 363 | 5.6% | |
| 0.4 to 0.5 | 362 | 5.6% | |
| 0.5 to 0.6 | 500 | 7.8% | |
| 0.6 to 0.7 | 499 | 7.8% | |
| 0.7 to 0.8 | 486 | 7.6% | |
| 0.8 to 0.9 | 486 | 7.6% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of INBS?
Intelligent Bio Solutions Inc. Common Stock (INBS) has an average correlation of about 0.113 with other NASDAQ stocks, based on 6,436 pairwise observations.
Is INBS positively correlated with other stocks?
Mostly yes — 55.7% of pairs are positive and 44.3% are negative. Strong positive correlations (≥0.7) make up 15.5%.
What is the most common correlation range for INBS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for INBS.
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