scPharmaceuticals Inc. Common Stock (SCPH) Correlation Distribution
Across 6,809 rolling correlation observations between scPharmaceuticals Inc. Common Stock (SCPH) and other NASDAQ-listed stocks, 47.3% are positive and 52.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is -0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- -0.052
- Most common range
- 0.1 to 0.2
- Positive pairs
- 47.3%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 458 | 6.7% | |
| -0.6 to -0.5 | 458 | 6.7% | |
| -0.5 to -0.4 | 480 | 7.0% | |
| -0.4 to -0.3 | 480 | 7.0% | |
| -0.3 to -0.2 | 487 | 7.2% | |
| -0.2 to -0.1 | 486 | 7.1% | |
| -0.1 to 0.0 | 640 | 9.4% | |
| 0.0 to 0.1 | 640 | 9.4% | |
| 0.1 to 0.2 | 714 | 10.5% | |
| 0.2 to 0.3 | 713 | 10.5% | |
| 0.3 to 0.4 | 389 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 130 | 1.9% | |
| 0.6 to 0.7 | 129 | 1.9% | |
| 0.7 to 0.8 | 57 | 0.8% | |
| 0.8 to 0.9 | 56 | 0.8% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of SCPH?
scPharmaceuticals Inc. Common Stock (SCPH) has an average correlation of about -0.052 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SCPH positively correlated with other stocks?
Not predominantly — 47.3% of pairs are positive and 52.7% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for SCPH?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 54% of all pairs.
Explore the full interactive correlation distribution for SCPH.
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