Inhibrx Biosciences, Inc. Common Stock (INBX) Correlation Distribution
Across 6,808 rolling correlation observations between Inhibrx Biosciences, Inc. Common Stock (INBX) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.132, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,808
- Mean correlation
- 0.132
- Most common range
- 0.3 to 0.4
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 0.2%
- 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 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 29 | 0.4% | |
| -0.6 to -0.5 | 29 | 0.4% | |
| -0.5 to -0.4 | 303 | 4.5% | |
| -0.4 to -0.3 | 302 | 4.4% | |
| -0.3 to -0.2 | 478 | 7.0% | |
| -0.2 to -0.1 | 477 | 7.0% | |
| -0.1 to 0.0 | 524 | 7.7% | |
| 0.0 to 0.1 | 524 | 7.7% | |
| 0.1 to 0.2 | 905 | 13.3% | |
| 0.2 to 0.3 | 905 | 13.3% | |
| 0.3 to 0.4 | 987 | 14.5% | |
| 0.4 to 0.5 | 987 | 14.5% | |
| 0.5 to 0.6 | 171 | 2.5% | |
| 0.6 to 0.7 | 170 | 2.5% | |
| 0.7 to 0.8 | 9 | 0.1% | |
| 0.8 to 0.9 | 8 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of INBX?
Inhibrx Biosciences, Inc. Common Stock (INBX) has an average correlation of about 0.132 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is INBX positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for INBX?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 56% of all pairs.
Explore the full interactive correlation distribution for INBX.
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