Lexaria Bioscience Corp. Warrant (LEXXW) Correlation Distribution
Across 6,622 rolling correlation observations between Lexaria Bioscience Corp. Warrant (LEXXW) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,622
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 34.2%
- Sector
- Pharmaceutical Preparations
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 | 180 | 2.7% | |
| -0.6 to -0.5 | 179 | 2.7% | |
| -0.5 to -0.4 | 301 | 4.5% | |
| -0.4 to -0.3 | 300 | 4.5% | |
| -0.3 to -0.2 | 285 | 4.3% | |
| -0.2 to -0.1 | 285 | 4.3% | |
| -0.1 to 0.0 | 284 | 4.3% | |
| 0.0 to 0.1 | 284 | 4.3% | |
| 0.1 to 0.2 | 268 | 4.0% | |
| 0.2 to 0.3 | 268 | 4.0% | |
| 0.3 to 0.4 | 329 | 5.0% | |
| 0.4 to 0.5 | 329 | 5.0% | |
| 0.5 to 0.6 | 489 | 7.4% | |
| 0.6 to 0.7 | 488 | 7.4% | |
| 0.7 to 0.8 | 1,050 | 15.9% | |
| 0.8 to 0.9 | 1,049 | 15.8% | |
| 0.9 to 1.0 | 163 | 2.5% |
Frequently asked questions
What is the average correlation of LEXXW?
Lexaria Bioscience Corp. Warrant (LEXXW) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,622 pairwise observations.
Is LEXXW positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 34.2%.
What is the most common correlation range for LEXXW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for LEXXW.
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