Lexaria Bioscience Corp. Common Stock (LEXX) Correlation Distribution
Across 6,808 rolling correlation observations between Lexaria Bioscience Corp. Common Stock (LEXX) and other NASDAQ-listed stocks, 71.8% are positive and 28.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,808
- Mean correlation
- 0.322
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.8%
- Strong positive (≥0.7)
- 33%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 184 | 2.7% | |
| -0.6 to -0.5 | 183 | 2.7% | |
| -0.5 to -0.4 | 309 | 4.5% | |
| -0.4 to -0.3 | 309 | 4.5% | |
| -0.3 to -0.2 | 267 | 3.9% | |
| -0.2 to -0.1 | 266 | 3.9% | |
| -0.1 to 0.0 | 302 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 325 | 4.8% | |
| 0.4 to 0.5 | 324 | 4.8% | |
| 0.5 to 0.6 | 546 | 8.0% | |
| 0.6 to 0.7 | 545 | 8.0% | |
| 0.7 to 0.8 | 1,067 | 15.7% | |
| 0.8 to 0.9 | 1,066 | 15.7% | |
| 0.9 to 1.0 | 112 | 1.6% |
Frequently asked questions
What is the average correlation of LEXX?
Lexaria Bioscience Corp. Common Stock (LEXX) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is LEXX positively correlated with other stocks?
Mostly yes — 71.8% of pairs are positive and 28.2% are negative. Strong positive correlations (≥0.7) make up 33%.
What is the most common correlation range for LEXX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for LEXX.
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