Sagimet Biosciences Inc. Series A Common Stock (SGMT) Correlation Distribution
Across 5,916 rolling correlation observations between Sagimet Biosciences Inc. Series A Common Stock (SGMT) and other NASDAQ-listed stocks, 51.6% are positive and 48.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,916
- Mean correlation
- 0.082
- Most common range
- -0.5 to -0.4
- Positive pairs
- 51.6%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 200 | 3.4% | |
| -0.6 to -0.5 | 199 | 3.4% | |
| -0.5 to -0.4 | 618 | 10.4% | |
| -0.4 to -0.3 | 618 | 10.4% | |
| -0.3 to -0.2 | 461 | 7.8% | |
| -0.2 to -0.1 | 460 | 7.8% | |
| -0.1 to 0.0 | 304 | 5.1% | |
| 0.0 to 0.1 | 303 | 5.1% | |
| 0.1 to 0.2 | 297 | 5.0% | |
| 0.2 to 0.3 | 296 | 5.0% | |
| 0.3 to 0.4 | 335 | 5.7% | |
| 0.4 to 0.5 | 334 | 5.6% | |
| 0.5 to 0.6 | 427 | 7.2% | |
| 0.6 to 0.7 | 427 | 7.2% | |
| 0.7 to 0.8 | 317 | 5.4% | |
| 0.8 to 0.9 | 316 | 5.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SGMT?
Sagimet Biosciences Inc. Series A Common Stock (SGMT) has an average correlation of about 0.082 with other NASDAQ stocks, based on 5,916 pairwise observations.
Is SGMT positively correlated with other stocks?
Mostly yes — 51.6% of pairs are positive and 48.4% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for SGMT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for SGMT.
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