Mirum Pharmaceuticals, Inc. Common Stock (MIRM) Correlation Distribution
Across 6,809 rolling correlation observations between Mirum Pharmaceuticals, Inc. Common Stock (MIRM) and other NASDAQ-listed stocks, 35.6% are positive and 64.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.6%
- Strong positive (≥0.7)
- 11.5%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 326 | 4.8% | |
| -0.8 to -0.7 | 325 | 4.8% | |
| -0.7 to -0.6 | 967 | 14.2% | |
| -0.6 to -0.5 | 967 | 14.2% | |
| -0.5 to -0.4 | 508 | 7.5% | |
| -0.4 to -0.3 | 507 | 7.4% | |
| -0.3 to -0.2 | 286 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 199 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 305 | 4.5% | |
| 0.6 to 0.7 | 305 | 4.5% | |
| 0.7 to 0.8 | 376 | 5.5% | |
| 0.8 to 0.9 | 376 | 5.5% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of MIRM?
Mirum Pharmaceuticals, Inc. Common Stock (MIRM) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MIRM positively correlated with other stocks?
Not predominantly — 35.6% of pairs are positive and 64.4% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for MIRM?
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 MIRM.
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