InMed Pharmaceuticals Inc. Common Shares (INM) Correlation Distribution
Across 6,808 rolling correlation observations between InMed Pharmaceuticals Inc. Common Shares (INM) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.33, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.8% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,808
- Mean correlation
- 0.33
- Most common range
- 0.9 to 1.0
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 40.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 151 | 2.2% | |
| -0.8 to -0.7 | 151 | 2.2% | |
| -0.7 to -0.6 | 313 | 4.6% | |
| -0.6 to -0.5 | 313 | 4.6% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 196 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 264 | 3.9% | |
| 0.4 to 0.5 | 263 | 3.9% | |
| 0.5 to 0.6 | 414 | 6.1% | |
| 0.6 to 0.7 | 413 | 6.1% | |
| 0.7 to 0.8 | 860 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 1,060 | 15.6% |
Frequently asked questions
What is the average correlation of INM?
InMed Pharmaceuticals Inc. Common Shares (INM) has an average correlation of about 0.33 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is INM positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 40.8%.
What is the most common correlation range for INM?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for INM.
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