SAB Biotherapeutics, Inc. Common Stock (SABS) Correlation Distribution
Across 6,797 rolling correlation observations between SAB Biotherapeutics, Inc. Common Stock (SABS) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% 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 32.8% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,797
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 32.8%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 190 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 352 | 5.2% | |
| -0.4 to -0.3 | 351 | 5.2% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 343 | 5.0% | |
| 0.4 to 0.5 | 342 | 5.0% | |
| 0.5 to 0.6 | 568 | 8.4% | |
| 0.6 to 0.7 | 567 | 8.3% | |
| 0.7 to 0.8 | 844 | 12.4% | |
| 0.8 to 0.9 | 843 | 12.4% | |
| 0.9 to 1.0 | 544 | 8.0% |
Frequently asked questions
What is the average correlation of SABS?
SAB Biotherapeutics, Inc. Common Stock (SABS) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is SABS positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 32.8%.
What is the most common correlation range for SABS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for SABS.
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