Lipella Pharmaceuticals Inc. Common Stock (LIPO) Correlation Distribution
Across 6,304 rolling correlation observations between Lipella Pharmaceuticals Inc. Common Stock (LIPO) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 17.1%.
- Total observations
- 6,304
- Mean correlation
- 0.028
- Most common range
- 0.7 to 0.8
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 23.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 47 | 0.7% | |
| -0.9 to -0.8 | 514 | 8.2% | |
| -0.8 to -0.7 | 514 | 8.2% | |
| -0.7 to -0.6 | 391 | 6.2% | |
| -0.6 to -0.5 | 391 | 6.2% | |
| -0.5 to -0.4 | 306 | 4.9% | |
| -0.4 to -0.3 | 306 | 4.9% | |
| -0.3 to -0.2 | 248 | 3.9% | |
| -0.2 to -0.1 | 247 | 3.9% | |
| -0.1 to 0.0 | 185 | 2.9% | |
| 0.0 to 0.1 | 184 | 2.9% | |
| 0.1 to 0.2 | 199 | 3.2% | |
| 0.2 to 0.3 | 198 | 3.1% | |
| 0.3 to 0.4 | 219 | 3.5% | |
| 0.4 to 0.5 | 219 | 3.5% | |
| 0.5 to 0.6 | 334 | 5.3% | |
| 0.6 to 0.7 | 333 | 5.3% | |
| 0.7 to 0.8 | 639 | 10.1% | |
| 0.8 to 0.9 | 638 | 10.1% | |
| 0.9 to 1.0 | 192 | 3.0% |
Frequently asked questions
What is the average correlation of LIPO?
Lipella Pharmaceuticals Inc. Common Stock (LIPO) has an average correlation of about 0.028 with other NASDAQ stocks, based on 6,304 pairwise observations.
Is LIPO positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for LIPO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for LIPO.
Open interactive dashboard →