Purple Biotech Ltd. American Depositary Shares (PPBT) Correlation Distribution
Across 6,808 rolling correlation observations between Purple Biotech Ltd. American Depositary Shares (PPBT) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 42.6% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,808
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 42.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 84 | 1.2% | |
| -0.9 to -0.8 | 334 | 4.9% | |
| -0.8 to -0.7 | 333 | 4.9% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 173 | 2.5% | |
| -0.4 to -0.3 | 173 | 2.5% | |
| -0.3 to -0.2 | 166 | 2.4% | |
| -0.2 to -0.1 | 165 | 2.4% | |
| -0.1 to 0.0 | 152 | 2.2% | |
| 0.0 to 0.1 | 151 | 2.2% | |
| 0.1 to 0.2 | 194 | 2.8% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 405 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 1,148 | 16.9% | |
| 0.8 to 0.9 | 1,148 | 16.9% | |
| 0.9 to 1.0 | 603 | 8.9% |
Frequently asked questions
What is the average correlation of PPBT?
Purple Biotech Ltd. American Depositary Shares (PPBT) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PPBT positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 42.6%.
What is the most common correlation range for PPBT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15% of all pairs.
Explore the full interactive correlation distribution for PPBT.
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