LBPH (LBPH) Correlation Distribution
Across 6,782 rolling correlation observations between LBPH (LBPH) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,782
- Mean correlation
- 0.03
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 11.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 273 | 4.0% | |
| -0.6 to -0.5 | 272 | 4.0% | |
| -0.5 to -0.4 | 566 | 8.3% | |
| -0.4 to -0.3 | 565 | 8.3% | |
| -0.3 to -0.2 | 773 | 11.4% | |
| -0.2 to -0.1 | 773 | 11.4% | |
| -0.1 to 0.0 | 457 | 6.7% | |
| 0.0 to 0.1 | 457 | 6.7% | |
| 0.1 to 0.2 | 268 | 4.0% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 282 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.2% | |
| 0.5 to 0.6 | 338 | 5.0% | |
| 0.6 to 0.7 | 337 | 5.0% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 374 | 5.5% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of LBPH?
LBPH (LBPH) has an average correlation of about 0.03 with other NASDAQ stocks, based on 6,782 pairwise observations.
Is LBPH positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for LBPH?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 44.2% of all pairs.
Explore the full interactive correlation distribution for LBPH.
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