PHYT (PHYT) Correlation Distribution
Across 6,229 rolling correlation observations between PHYT (PHYT) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.168, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 25.3%.
- Total observations
- 6,229
- Mean correlation
- -0.168
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 204 | 3.3% | |
| -0.9 to -0.8 | 685 | 11.0% | |
| -0.8 to -0.7 | 684 | 11.0% | |
| -0.7 to -0.6 | 538 | 8.6% | |
| -0.6 to -0.5 | 538 | 8.6% | |
| -0.5 to -0.4 | 344 | 5.5% | |
| -0.4 to -0.3 | 344 | 5.5% | |
| -0.3 to -0.2 | 241 | 3.9% | |
| -0.2 to -0.1 | 241 | 3.9% | |
| -0.1 to 0.0 | 180 | 2.9% | |
| 0.0 to 0.1 | 179 | 2.9% | |
| 0.1 to 0.2 | 170 | 2.7% | |
| 0.2 to 0.3 | 170 | 2.7% | |
| 0.3 to 0.4 | 172 | 2.8% | |
| 0.4 to 0.5 | 172 | 2.8% | |
| 0.5 to 0.6 | 213 | 3.4% | |
| 0.6 to 0.7 | 213 | 3.4% | |
| 0.7 to 0.8 | 320 | 5.1% | |
| 0.8 to 0.9 | 320 | 5.1% | |
| 0.9 to 1.0 | 301 | 4.8% |
Frequently asked questions
What is the average correlation of PHYT?
PHYT (PHYT) has an average correlation of about -0.168 with other NASDAQ stocks, based on 6,229 pairwise observations.
Is PHYT positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for PHYT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for PHYT.
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