Neurocrine Biosciences Inc (NBIX) Correlation Distribution
Across 6,809 rolling correlation observations between Neurocrine Biosciences Inc (NBIX) and other NASDAQ-listed stocks, 34% are positive and 66% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.142, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.142
- Most common range
- -0.5 to -0.4
- Positive pairs
- 34%
- Strong positive (≥0.7)
- 2%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 730 | 10.7% | |
| -0.6 to -0.5 | 729 | 10.7% | |
| -0.5 to -0.4 | 858 | 12.6% | |
| -0.4 to -0.3 | 857 | 12.6% | |
| -0.3 to -0.2 | 436 | 6.4% | |
| -0.2 to -0.1 | 435 | 6.4% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 303 | 4.4% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 69 | 1.0% | |
| 0.8 to 0.9 | 69 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NBIX?
Neurocrine Biosciences Inc (NBIX) has an average correlation of about -0.142 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NBIX positively correlated with other stocks?
Not predominantly — 34% of pairs are positive and 66% are negative. Strong positive correlations (≥0.7) make up 2%.
What is the most common correlation range for NBIX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.1% of all pairs.
Explore the full interactive correlation distribution for NBIX.
Open interactive dashboard →