PROCEPT BioRobotics Corporation Common Stock (PRCT) Correlation Distribution
Across 6,804 rolling correlation observations between PROCEPT BioRobotics Corporation Common Stock (PRCT) and other NASDAQ-listed stocks, 41.7% are positive and 58.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,804
- Mean correlation
- -0.023
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.7%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 81 | 1.2% | |
| -0.7 to -0.6 | 489 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 689 | 10.1% | |
| -0.4 to -0.3 | 689 | 10.1% | |
| -0.3 to -0.2 | 545 | 8.0% | |
| -0.2 to -0.1 | 545 | 8.0% | |
| -0.1 to 0.0 | 358 | 5.3% | |
| 0.0 to 0.1 | 357 | 5.2% | |
| 0.1 to 0.2 | 272 | 4.0% | |
| 0.2 to 0.3 | 271 | 4.0% | |
| 0.3 to 0.4 | 246 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 339 | 5.0% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of PRCT?
PROCEPT BioRobotics Corporation Common Stock (PRCT) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is PRCT positively correlated with other stocks?
Not predominantly — 41.7% of pairs are positive and 58.3% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for PRCT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.5% of all pairs.
Explore the full interactive correlation distribution for PRCT.
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