PUMA BIOTECHNOLOGY INC (PBYI) Correlation Distribution
Across 6,809 rolling correlation observations between PUMA BIOTECHNOLOGY INC (PBYI) and other NASDAQ-listed stocks, 58.4% are positive and 41.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.142, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- 0.142
- Most common range
- 0.7 to 0.8
- Positive pairs
- 58.4%
- Strong positive (≥0.7)
- 17%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 81 | 1.2% | |
| -0.8 to -0.7 | 81 | 1.2% | |
| -0.7 to -0.6 | 301 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 404 | 5.9% | |
| -0.4 to -0.3 | 404 | 5.9% | |
| -0.3 to -0.2 | 437 | 6.4% | |
| -0.2 to -0.1 | 437 | 6.4% | |
| -0.1 to 0.0 | 386 | 5.7% | |
| 0.0 to 0.1 | 385 | 5.7% | |
| 0.1 to 0.2 | 363 | 5.3% | |
| 0.2 to 0.3 | 363 | 5.3% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 376 | 5.5% | |
| 0.5 to 0.6 | 476 | 7.0% | |
| 0.6 to 0.7 | 476 | 7.0% | |
| 0.7 to 0.8 | 537 | 7.9% | |
| 0.8 to 0.9 | 537 | 7.9% | |
| 0.9 to 1.0 | 86 | 1.3% |
Frequently asked questions
What is the average correlation of PBYI?
PUMA BIOTECHNOLOGY INC (PBYI) has an average correlation of about 0.142 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PBYI positively correlated with other stocks?
Mostly yes — 58.4% of pairs are positive and 41.6% are negative. Strong positive correlations (≥0.7) make up 17%.
What is the most common correlation range for PBYI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 34.8% of all pairs.
Explore the full interactive correlation distribution for PBYI.
Open interactive dashboard →