Prime Medicine, Inc. Common Stock (PRME) Correlation Distribution
Across 6,450 rolling correlation observations between Prime Medicine, Inc. Common Stock (PRME) and other NASDAQ-listed stocks, 52.1% are positive and 47.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 26.1% and strong negative correlations (≤−0.7) for 17.5%.
- Total observations
- 6,450
- Mean correlation
- 0.056
- Most common range
- 0.7 to 0.8
- Positive pairs
- 52.1%
- Strong positive (≥0.7)
- 26.1%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 94 | 1.5% | |
| -0.9 to -0.8 | 519 | 8.0% | |
| -0.8 to -0.7 | 518 | 8.0% | |
| -0.7 to -0.6 | 374 | 5.8% | |
| -0.6 to -0.5 | 373 | 5.8% | |
| -0.5 to -0.4 | 272 | 4.2% | |
| -0.4 to -0.3 | 272 | 4.2% | |
| -0.3 to -0.2 | 236 | 3.7% | |
| -0.2 to -0.1 | 236 | 3.7% | |
| -0.1 to 0.0 | 197 | 3.1% | |
| 0.0 to 0.1 | 197 | 3.1% | |
| 0.1 to 0.2 | 195 | 3.0% | |
| 0.2 to 0.3 | 195 | 3.0% | |
| 0.3 to 0.4 | 229 | 3.6% | |
| 0.4 to 0.5 | 229 | 3.6% | |
| 0.5 to 0.6 | 315 | 4.9% | |
| 0.6 to 0.7 | 315 | 4.9% | |
| 0.7 to 0.8 | 663 | 10.3% | |
| 0.8 to 0.9 | 662 | 10.3% | |
| 0.9 to 1.0 | 359 | 5.6% |
Frequently asked questions
What is the average correlation of PRME?
Prime Medicine, Inc. Common Stock (PRME) has an average correlation of about 0.056 with other NASDAQ stocks, based on 6,450 pairwise observations.
Is PRME positively correlated with other stocks?
Mostly yes — 52.1% of pairs are positive and 47.9% are negative. Strong positive correlations (≥0.7) make up 26.1%.
What is the most common correlation range for PRME?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for PRME.
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