NuCana plc American Depositary Share (NCNA) Correlation Distribution
Across 6,809 rolling correlation observations between NuCana plc American Depositary Share (NCNA) and other NASDAQ-listed stocks, 63% are positive and 37% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.1% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- 0.197
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63%
- Strong positive (≥0.7)
- 30.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 29 | 0.4% | |
| -0.9 to -0.8 | 325 | 4.8% | |
| -0.8 to -0.7 | 324 | 4.8% | |
| -0.7 to -0.6 | 383 | 5.6% | |
| -0.6 to -0.5 | 382 | 5.6% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 204 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 505 | 7.4% | |
| 0.6 to 0.7 | 504 | 7.4% | |
| 0.7 to 0.8 | 873 | 12.8% | |
| 0.8 to 0.9 | 873 | 12.8% | |
| 0.9 to 1.0 | 303 | 4.4% |
Frequently asked questions
What is the average correlation of NCNA?
NuCana plc American Depositary Share (NCNA) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NCNA positively correlated with other stocks?
Mostly yes — 63% of pairs are positive and 37% are negative. Strong positive correlations (≥0.7) make up 30.1%.
What is the most common correlation range for NCNA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for NCNA.
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