Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) Correlation Distribution
Across 6,771 rolling correlation observations between Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) and other NASDAQ-listed stocks, 49.9% are positive and 50.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is -0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,771
- Mean correlation
- -0.005
- Most common range
- 0.1 to 0.2
- Positive pairs
- 49.9%
- Strong positive (≥0.7)
- 0.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 19 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 210 | 3.1% | |
| -0.6 to -0.5 | 210 | 3.1% | |
| -0.5 to -0.4 | 572 | 8.4% | |
| -0.4 to -0.3 | 571 | 8.4% | |
| -0.3 to -0.2 | 591 | 8.7% | |
| -0.2 to -0.1 | 591 | 8.7% | |
| -0.1 to 0.0 | 609 | 9.0% | |
| 0.0 to 0.1 | 608 | 9.0% | |
| 0.1 to 0.2 | 642 | 9.5% | |
| 0.2 to 0.3 | 642 | 9.5% | |
| 0.3 to 0.4 | 545 | 8.0% | |
| 0.4 to 0.5 | 544 | 8.0% | |
| 0.5 to 0.6 | 173 | 2.6% | |
| 0.6 to 0.7 | 173 | 2.6% | |
| 0.7 to 0.8 | 26 | 0.4% | |
| 0.8 to 0.9 | 26 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PHAR?
Pharming Group N.V. ADS, each representing 10 ordinary shares (PHAR) has an average correlation of about -0.005 with other NASDAQ stocks, based on 6,771 pairwise observations.
Is PHAR positively correlated with other stocks?
Not predominantly — 49.9% of pairs are positive and 50.1% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for PHAR?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54.4% of all pairs.
Explore the full interactive correlation distribution for PHAR.
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