Summit Therapeutics Inc. Common Stock (SMMT) Correlation Distribution
Across 6,809 rolling correlation observations between Summit Therapeutics Inc. Common Stock (SMMT) and other NASDAQ-listed stocks, 48.7% are positive and 51.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.062, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.8% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.062
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.7%
- Strong positive (≥0.7)
- 10.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 221 | 3.2% | |
| -0.6 to -0.5 | 221 | 3.2% | |
| -0.5 to -0.4 | 470 | 6.9% | |
| -0.4 to -0.3 | 470 | 6.9% | |
| -0.3 to -0.2 | 756 | 11.1% | |
| -0.2 to -0.1 | 756 | 11.1% | |
| -0.1 to 0.0 | 493 | 7.2% | |
| 0.0 to 0.1 | 492 | 7.2% | |
| 0.1 to 0.2 | 337 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 398 | 5.8% | |
| 0.6 to 0.7 | 398 | 5.8% | |
| 0.7 to 0.8 | 360 | 5.3% | |
| 0.8 to 0.9 | 360 | 5.3% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of SMMT?
Summit Therapeutics Inc. Common Stock (SMMT) has an average correlation of about 0.062 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SMMT positively correlated with other stocks?
Not predominantly — 48.7% of pairs are positive and 51.3% are negative. Strong positive correlations (≥0.7) make up 10.8%.
What is the most common correlation range for SMMT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.6% of all pairs.
Explore the full interactive correlation distribution for SMMT.
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