SPRUCE BIOSCIENCES INC (SPRB) Correlation Distribution
Across 6,808 rolling correlation observations between SPRUCE BIOSCIENCES INC (SPRB) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.207, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.8% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,808
- Mean correlation
- 0.207
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 20.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 92 | 1.4% | |
| -0.8 to -0.7 | 91 | 1.3% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 317 | 4.7% | |
| -0.5 to -0.4 | 367 | 5.4% | |
| -0.4 to -0.3 | 366 | 5.4% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 273 | 4.0% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 452 | 6.6% | |
| 0.4 to 0.5 | 452 | 6.6% | |
| 0.5 to 0.6 | 567 | 8.3% | |
| 0.6 to 0.7 | 566 | 8.3% | |
| 0.7 to 0.8 | 586 | 8.6% | |
| 0.8 to 0.9 | 585 | 8.6% | |
| 0.9 to 1.0 | 244 | 3.6% |
Frequently asked questions
What is the average correlation of SPRB?
SPRUCE BIOSCIENCES INC (SPRB) has an average correlation of about 0.207 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SPRB positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 20.8%.
What is the most common correlation range for SPRB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for SPRB.
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