Nyxoah SA Ordinary Shares (NYXH) Correlation Distribution
Across 6,773 rolling correlation observations between Nyxoah SA Ordinary Shares (NYXH) and other NASDAQ-listed stocks, 71.7% are positive and 28.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.348, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,773
- Mean correlation
- 0.348
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.7%
- Strong positive (≥0.7)
- 34.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 123 | 1.8% | |
| -0.5 to -0.4 | 299 | 4.4% | |
| -0.4 to -0.3 | 299 | 4.4% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 365 | 5.4% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 297 | 4.4% | |
| 0.2 to 0.3 | 296 | 4.4% | |
| 0.3 to 0.4 | 329 | 4.9% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 481 | 7.1% | |
| 0.6 to 0.7 | 481 | 7.1% | |
| 0.7 to 0.8 | 893 | 13.2% | |
| 0.8 to 0.9 | 893 | 13.2% | |
| 0.9 to 1.0 | 564 | 8.3% |
Frequently asked questions
What is the average correlation of NYXH?
Nyxoah SA Ordinary Shares (NYXH) has an average correlation of about 0.348 with other NASDAQ stocks, based on 6,773 pairwise observations.
Is NYXH positively correlated with other stocks?
Mostly yes — 71.7% of pairs are positive and 28.3% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for NYXH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.3% of all pairs.
Explore the full interactive correlation distribution for NYXH.
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