Sutro Biopharma, Inc. (STRO) Correlation Distribution
Across 6,809 rolling correlation observations between Sutro Biopharma, Inc. (STRO) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.7% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 36.7%
- 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 | 103 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 368 | 5.4% | |
| -0.6 to -0.5 | 368 | 5.4% | |
| -0.5 to -0.4 | 262 | 3.8% | |
| -0.4 to -0.3 | 261 | 3.8% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 196 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 489 | 7.2% | |
| 0.6 to 0.7 | 488 | 7.2% | |
| 0.7 to 0.8 | 995 | 14.6% | |
| 0.8 to 0.9 | 994 | 14.6% | |
| 0.9 to 1.0 | 508 | 7.5% |
Frequently asked questions
What is the average correlation of STRO?
Sutro Biopharma, Inc. (STRO) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STRO positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 36.7%.
What is the most common correlation range for STRO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for STRO.
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