Nautilus Biotechnolgy, Inc. Common Stock (NAUT) Correlation Distribution
Across 6,806 rolling correlation observations between Nautilus Biotechnolgy, Inc. Common Stock (NAUT) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.7% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,806
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 32.7%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 218 | 3.2% | |
| -0.6 to -0.5 | 218 | 3.2% | |
| -0.5 to -0.4 | 319 | 4.7% | |
| -0.4 to -0.3 | 319 | 4.7% | |
| -0.3 to -0.2 | 304 | 4.5% | |
| -0.2 to -0.1 | 304 | 4.5% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 251 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 364 | 5.3% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 534 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 938 | 13.8% | |
| 0.8 to 0.9 | 937 | 13.8% | |
| 0.9 to 1.0 | 349 | 5.1% |
Frequently asked questions
What is the average correlation of NAUT?
Nautilus Biotechnolgy, Inc. Common Stock (NAUT) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NAUT positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 32.7%.
What is the most common correlation range for NAUT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for NAUT.
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