Portage Biotech Inc. Common Stock (PRTG) Correlation Distribution
Across 6,806 rolling correlation observations between Portage Biotech Inc. Common Stock (PRTG) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.2% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,806
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 41.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 57 | 0.8% | |
| -0.9 to -0.8 | 172 | 2.5% | |
| -0.8 to -0.7 | 171 | 2.5% | |
| -0.7 to -0.6 | 303 | 4.5% | |
| -0.6 to -0.5 | 303 | 4.5% | |
| -0.5 to -0.4 | 220 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 190 | 2.8% | |
| -0.1 to 0.0 | 185 | 2.7% | |
| 0.0 to 0.1 | 185 | 2.7% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 255 | 3.7% | |
| 0.4 to 0.5 | 254 | 3.7% | |
| 0.5 to 0.6 | 445 | 6.5% | |
| 0.6 to 0.7 | 445 | 6.5% | |
| 0.7 to 0.8 | 992 | 14.6% | |
| 0.8 to 0.9 | 991 | 14.6% | |
| 0.9 to 1.0 | 821 | 12.1% |
Frequently asked questions
What is the average correlation of PRTG?
Portage Biotech Inc. Common Stock (PRTG) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is PRTG positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 41.2%.
What is the most common correlation range for PRTG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for PRTG.
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