60 Degrees Pharmaceuticals, Inc. Common Stock (SXTP) Correlation Distribution
Across 5,923 rolling correlation observations between 60 Degrees Pharmaceuticals, Inc. Common Stock (SXTP) and other NASDAQ-listed stocks, 48.4% are positive and 51.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.036, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 5,923
- Mean correlation
- 0.036
- Most common range
- -0.7 to -0.6
- Positive pairs
- 48.4%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 76 | 1.3% | |
| -0.8 to -0.7 | 75 | 1.3% | |
| -0.7 to -0.6 | 553 | 9.3% | |
| -0.6 to -0.5 | 553 | 9.3% | |
| -0.5 to -0.4 | 461 | 7.8% | |
| -0.4 to -0.3 | 461 | 7.8% | |
| -0.3 to -0.2 | 322 | 5.4% | |
| -0.2 to -0.1 | 322 | 5.4% | |
| -0.1 to 0.0 | 235 | 4.0% | |
| 0.0 to 0.1 | 234 | 4.0% | |
| 0.1 to 0.2 | 243 | 4.1% | |
| 0.2 to 0.3 | 243 | 4.1% | |
| 0.3 to 0.4 | 245 | 4.1% | |
| 0.4 to 0.5 | 244 | 4.1% | |
| 0.5 to 0.6 | 339 | 5.7% | |
| 0.6 to 0.7 | 338 | 5.7% | |
| 0.7 to 0.8 | 443 | 7.5% | |
| 0.8 to 0.9 | 443 | 7.5% | |
| 0.9 to 1.0 | 93 | 1.6% |
Frequently asked questions
What is the average correlation of SXTP?
60 Degrees Pharmaceuticals, Inc. Common Stock (SXTP) has an average correlation of about 0.036 with other NASDAQ stocks, based on 5,923 pairwise observations.
Is SXTP positively correlated with other stocks?
Not predominantly — 48.4% of pairs are positive and 51.6% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for SXTP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for SXTP.
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