Kiniksa Pharmaceuticals International, plc Class A Ordinary Shares (KNSA) Correlation Distribution
Across 6,809 rolling correlation observations between Kiniksa Pharmaceuticals International, plc Class A Ordinary Shares (KNSA) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 4.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 144 | 2.1% | |
| -0.8 to -0.7 | 143 | 2.1% | |
| -0.7 to -0.6 | 455 | 6.7% | |
| -0.6 to -0.5 | 455 | 6.7% | |
| -0.5 to -0.4 | 562 | 8.3% | |
| -0.4 to -0.3 | 562 | 8.3% | |
| -0.3 to -0.2 | 615 | 9.0% | |
| -0.2 to -0.1 | 614 | 9.0% | |
| -0.1 to 0.0 | 466 | 6.8% | |
| 0.0 to 0.1 | 466 | 6.8% | |
| 0.1 to 0.2 | 348 | 5.1% | |
| 0.2 to 0.3 | 348 | 5.1% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 348 | 5.1% | |
| 0.6 to 0.7 | 347 | 5.1% | |
| 0.7 to 0.8 | 137 | 2.0% | |
| 0.8 to 0.9 | 137 | 2.0% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of KNSA?
Kiniksa Pharmaceuticals International, plc Class A Ordinary Shares (KNSA) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KNSA positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for KNSA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42% of all pairs.
Explore the full interactive correlation distribution for KNSA.
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