Sana Biotechnology, Inc. Common Stock (SANA) Correlation Distribution
Across 6,806 rolling correlation observations between Sana Biotechnology, Inc. Common Stock (SANA) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,806
- Mean correlation
- 0.322
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 34.2%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 47 | 0.7% | |
| -0.8 to -0.7 | 46 | 0.7% | |
| -0.7 to -0.6 | 220 | 3.2% | |
| -0.6 to -0.5 | 220 | 3.2% | |
| -0.5 to -0.4 | 326 | 4.8% | |
| -0.4 to -0.3 | 326 | 4.8% | |
| -0.3 to -0.2 | 277 | 4.1% | |
| -0.2 to -0.1 | 276 | 4.1% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.8% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 347 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 470 | 6.9% | |
| 0.6 to 0.7 | 470 | 6.9% | |
| 0.7 to 0.8 | 890 | 13.1% | |
| 0.8 to 0.9 | 889 | 13.1% | |
| 0.9 to 1.0 | 551 | 8.1% |
Frequently asked questions
What is the average correlation of SANA?
Sana Biotechnology, Inc. Common Stock (SANA) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SANA positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 34.2%.
What is the most common correlation range for SANA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for SANA.
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