PTC Therapeutics, Inc. (PTCT) Correlation Distribution
Across 6,809 rolling correlation observations between PTC Therapeutics, Inc. (PTCT) and other NASDAQ-listed stocks, 58.6% are positive and 41.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.066, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.066
- Most common range
- 0.3 to 0.4
- Positive pairs
- 58.6%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 133 | 2.0% | |
| -0.6 to -0.5 | 133 | 2.0% | |
| -0.5 to -0.4 | 412 | 6.1% | |
| -0.4 to -0.3 | 411 | 6.0% | |
| -0.3 to -0.2 | 515 | 7.6% | |
| -0.2 to -0.1 | 515 | 7.6% | |
| -0.1 to 0.0 | 693 | 10.2% | |
| 0.0 to 0.1 | 693 | 10.2% | |
| 0.1 to 0.2 | 677 | 9.9% | |
| 0.2 to 0.3 | 676 | 9.9% | |
| 0.3 to 0.4 | 720 | 10.6% | |
| 0.4 to 0.5 | 720 | 10.6% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 243 | 3.6% | |
| 0.7 to 0.8 | 9 | 0.1% | |
| 0.8 to 0.9 | 8 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PTCT?
PTC Therapeutics, Inc. (PTCT) has an average correlation of about 0.066 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PTCT positively correlated with other stocks?
Mostly yes — 58.6% of pairs are positive and 41.4% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for PTCT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 55.4% of all pairs.
Explore the full interactive correlation distribution for PTCT.
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