KRTX (KRTX) Correlation Distribution
Across 6,569 rolling correlation observations between KRTX (KRTX) and other NASDAQ-listed stocks, 33.9% are positive and 66.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.167, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,569
- Mean correlation
- -0.167
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.9%
- Strong positive (≥0.7)
- 6.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 221 | 3.4% | |
| -0.8 to -0.7 | 221 | 3.4% | |
| -0.7 to -0.6 | 1,012 | 15.4% | |
| -0.6 to -0.5 | 1,011 | 15.4% | |
| -0.5 to -0.4 | 505 | 7.7% | |
| -0.4 to -0.3 | 505 | 7.7% | |
| -0.3 to -0.2 | 320 | 4.9% | |
| -0.2 to -0.1 | 320 | 4.9% | |
| -0.1 to 0.0 | 226 | 3.4% | |
| 0.0 to 0.1 | 225 | 3.4% | |
| 0.1 to 0.2 | 227 | 3.5% | |
| 0.2 to 0.3 | 226 | 3.4% | |
| 0.3 to 0.4 | 242 | 3.7% | |
| 0.4 to 0.5 | 241 | 3.7% | |
| 0.5 to 0.6 | 333 | 5.1% | |
| 0.6 to 0.7 | 333 | 5.1% | |
| 0.7 to 0.8 | 200 | 3.0% | |
| 0.8 to 0.9 | 200 | 3.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of KRTX?
KRTX (KRTX) has an average correlation of about -0.167 with other NASDAQ stocks, based on 6,569 pairwise observations.
Is KRTX positively correlated with other stocks?
Not predominantly — 33.9% of pairs are positive and 66.1% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for KRTX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for KRTX.
Open interactive dashboard →