NexGel, Inc Warrant (NXGLW) Correlation Distribution
Across 6,445 rolling correlation observations between NexGel, Inc Warrant (NXGLW) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.155, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,445
- Mean correlation
- 0.155
- Most common range
- 0.3 to 0.4
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 115 | 1.8% | |
| -0.6 to -0.5 | 114 | 1.8% | |
| -0.5 to -0.4 | 287 | 4.5% | |
| -0.4 to -0.3 | 287 | 4.5% | |
| -0.3 to -0.2 | 397 | 6.2% | |
| -0.2 to -0.1 | 397 | 6.2% | |
| -0.1 to 0.0 | 517 | 8.0% | |
| 0.0 to 0.1 | 516 | 8.0% | |
| 0.1 to 0.2 | 612 | 9.5% | |
| 0.2 to 0.3 | 611 | 9.5% | |
| 0.3 to 0.4 | 711 | 11.0% | |
| 0.4 to 0.5 | 711 | 11.0% | |
| 0.5 to 0.6 | 512 | 7.9% | |
| 0.6 to 0.7 | 511 | 7.9% | |
| 0.7 to 0.8 | 67 | 1.0% | |
| 0.8 to 0.9 | 67 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NXGLW?
NexGel, Inc Warrant (NXGLW) has an average correlation of about 0.155 with other NASDAQ stocks, based on 6,445 pairwise observations.
Is NXGLW positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for NXGLW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47.3% of all pairs.
Explore the full interactive correlation distribution for NXGLW.
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