Scilex Holding Company Warrant (SCLXW) Correlation Distribution
Across 6,374 rolling correlation observations between Scilex Holding Company Warrant (SCLXW) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.018, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,374
- Mean correlation
- 0.018
- Most common range
- -0.7 to -0.6
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 4.6%
- 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 | 10 | 0.2% | |
| -0.8 to -0.7 | 10 | 0.2% | |
| -0.7 to -0.6 | 540 | 8.5% | |
| -0.6 to -0.5 | 539 | 8.5% | |
| -0.5 to -0.4 | 521 | 8.2% | |
| -0.4 to -0.3 | 520 | 8.2% | |
| -0.3 to -0.2 | 375 | 5.9% | |
| -0.2 to -0.1 | 374 | 5.9% | |
| -0.1 to 0.0 | 295 | 4.6% | |
| 0.0 to 0.1 | 295 | 4.6% | |
| 0.1 to 0.2 | 338 | 5.3% | |
| 0.2 to 0.3 | 338 | 5.3% | |
| 0.3 to 0.4 | 447 | 7.0% | |
| 0.4 to 0.5 | 447 | 7.0% | |
| 0.5 to 0.6 | 515 | 8.1% | |
| 0.6 to 0.7 | 515 | 8.1% | |
| 0.7 to 0.8 | 146 | 2.3% | |
| 0.8 to 0.9 | 145 | 2.3% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of SCLXW?
Scilex Holding Company Warrant (SCLXW) has an average correlation of about 0.018 with other NASDAQ stocks, based on 6,374 pairwise observations.
Is SCLXW positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for SCLXW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 31.6% of all pairs.
Explore the full interactive correlation distribution for SCLXW.
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