Standard BioTools Inc. Common Stock (LAB) Correlation Distribution
Across 6,724 rolling correlation observations between Standard BioTools Inc. Common Stock (LAB) and other NASDAQ-listed stocks, 55.9% are positive and 44.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,724
- Mean correlation
- 0.052
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.9%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 71 | 1.1% | |
| -0.6 to -0.5 | 71 | 1.1% | |
| -0.5 to -0.4 | 337 | 5.0% | |
| -0.4 to -0.3 | 336 | 5.0% | |
| -0.3 to -0.2 | 635 | 9.4% | |
| -0.2 to -0.1 | 634 | 9.4% | |
| -0.1 to 0.0 | 866 | 12.9% | |
| 0.0 to 0.1 | 865 | 12.9% | |
| 0.1 to 0.2 | 721 | 10.7% | |
| 0.2 to 0.3 | 721 | 10.7% | |
| 0.3 to 0.4 | 503 | 7.5% | |
| 0.4 to 0.5 | 503 | 7.5% | |
| 0.5 to 0.6 | 201 | 3.0% | |
| 0.6 to 0.7 | 200 | 3.0% | |
| 0.7 to 0.8 | 23 | 0.3% | |
| 0.8 to 0.9 | 23 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of LAB?
Standard BioTools Inc. Common Stock (LAB) has an average correlation of about 0.052 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is LAB positively correlated with other stocks?
Mostly yes — 55.9% of pairs are positive and 44.1% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for LAB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 66.1% of all pairs.
Explore the full interactive correlation distribution for LAB.
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