Krystal Biotech, Inc. Common Stock (KRYS) Correlation Distribution
Across 6,809 rolling correlation observations between Krystal Biotech, Inc. Common Stock (KRYS) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 15%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 373 | 5.5% | |
| -0.8 to -0.7 | 373 | 5.5% | |
| -0.7 to -0.6 | 911 | 13.4% | |
| -0.6 to -0.5 | 910 | 13.4% | |
| -0.5 to -0.4 | 488 | 7.2% | |
| -0.4 to -0.3 | 487 | 7.2% | |
| -0.3 to -0.2 | 260 | 3.8% | |
| -0.2 to -0.1 | 259 | 3.8% | |
| -0.1 to 0.0 | 216 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 422 | 6.2% | |
| 0.8 to 0.9 | 421 | 6.2% | |
| 0.9 to 1.0 | 175 | 2.6% |
Frequently asked questions
What is the average correlation of KRYS?
Krystal Biotech, Inc. Common Stock (KRYS) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KRYS positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for KRYS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for KRYS.
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