PAXMEDICA INC (PXMD) Correlation Distribution
Across 6,573 rolling correlation observations between PAXMEDICA INC (PXMD) and other NASDAQ-listed stocks, 53.8% are positive and 46.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.083, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 23.6% and strong negative correlations (≤−0.7) for 11.3%.
- Total observations
- 6,573
- Mean correlation
- 0.083
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53.8%
- Strong positive (≥0.7)
- 23.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 361 | 5.5% | |
| -0.8 to -0.7 | 361 | 5.5% | |
| -0.7 to -0.6 | 430 | 6.5% | |
| -0.6 to -0.5 | 429 | 6.5% | |
| -0.5 to -0.4 | 325 | 4.9% | |
| -0.4 to -0.3 | 325 | 4.9% | |
| -0.3 to -0.2 | 265 | 4.0% | |
| -0.2 to -0.1 | 265 | 4.0% | |
| -0.1 to 0.0 | 258 | 3.9% | |
| 0.0 to 0.1 | 257 | 3.9% | |
| 0.1 to 0.2 | 229 | 3.5% | |
| 0.2 to 0.3 | 228 | 3.5% | |
| 0.3 to 0.4 | 272 | 4.1% | |
| 0.4 to 0.5 | 271 | 4.1% | |
| 0.5 to 0.6 | 363 | 5.5% | |
| 0.6 to 0.7 | 362 | 5.5% | |
| 0.7 to 0.8 | 641 | 9.8% | |
| 0.8 to 0.9 | 640 | 9.7% | |
| 0.9 to 1.0 | 270 | 4.1% |
Frequently asked questions
What is the average correlation of PXMD?
PAXMEDICA INC (PXMD) has an average correlation of about 0.083 with other NASDAQ stocks, based on 6,573 pairwise observations.
Is PXMD positively correlated with other stocks?
Mostly yes — 53.8% of pairs are positive and 46.2% are negative. Strong positive correlations (≥0.7) make up 23.6%.
What is the most common correlation range for PXMD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for PXMD.
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