Liquidia Corporation Common Stock (LQDA) Correlation Distribution
Across 6,809 rolling correlation observations between Liquidia Corporation Common Stock (LQDA) and other NASDAQ-listed stocks, 35% are positive and 65% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.6% and strong negative correlations (≤−0.7) for 13.1%.
- Total observations
- 6,809
- Mean correlation
- -0.165
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35%
- Strong positive (≥0.7)
- 10.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 447 | 6.6% | |
| -0.8 to -0.7 | 447 | 6.6% | |
| -0.7 to -0.6 | 948 | 13.9% | |
| -0.6 to -0.5 | 948 | 13.9% | |
| -0.5 to -0.4 | 443 | 6.5% | |
| -0.4 to -0.3 | 442 | 6.5% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 273 | 4.0% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 212 | 3.1% | |
| 0.4 to 0.5 | 212 | 3.1% | |
| 0.5 to 0.6 | 301 | 4.4% | |
| 0.6 to 0.7 | 301 | 4.4% | |
| 0.7 to 0.8 | 359 | 5.3% | |
| 0.8 to 0.9 | 359 | 5.3% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of LQDA?
Liquidia Corporation Common Stock (LQDA) has an average correlation of about -0.165 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LQDA positively correlated with other stocks?
Not predominantly — 35% of pairs are positive and 65% are negative. Strong positive correlations (≥0.7) make up 10.6%.
What is the most common correlation range for LQDA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for LQDA.
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