Praxis Precision Medicines, Inc. Common Stock (PRAX) Correlation Distribution
Across 6,808 rolling correlation observations between Praxis Precision Medicines, Inc. Common Stock (PRAX) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.4% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,808
- Mean correlation
- 0.278
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 32.4%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 85 | 1.2% | |
| -0.8 to -0.7 | 85 | 1.2% | |
| -0.7 to -0.6 | 294 | 4.3% | |
| -0.6 to -0.5 | 294 | 4.3% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 275 | 4.0% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 258 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 478 | 7.0% | |
| 0.6 to 0.7 | 478 | 7.0% | |
| 0.7 to 0.8 | 869 | 12.8% | |
| 0.8 to 0.9 | 868 | 12.7% | |
| 0.9 to 1.0 | 469 | 6.9% |
Frequently asked questions
What is the average correlation of PRAX?
Praxis Precision Medicines, Inc. Common Stock (PRAX) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PRAX positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 32.4%.
What is the most common correlation range for PRAX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for PRAX.
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