THRX (THRX) Correlation Distribution
Across 6,505 rolling correlation observations between THRX (THRX) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.357, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 26.2% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,505
- Mean correlation
- 0.357
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 26.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 218 | 3.4% | |
| -0.6 to -0.5 | 218 | 3.4% | |
| -0.5 to -0.4 | 223 | 3.4% | |
| -0.4 to -0.3 | 222 | 3.4% | |
| -0.3 to -0.2 | 186 | 2.9% | |
| -0.2 to -0.1 | 185 | 2.8% | |
| -0.1 to 0.0 | 195 | 3.0% | |
| 0.0 to 0.1 | 195 | 3.0% | |
| 0.1 to 0.2 | 270 | 4.2% | |
| 0.2 to 0.3 | 270 | 4.2% | |
| 0.3 to 0.4 | 422 | 6.5% | |
| 0.4 to 0.5 | 421 | 6.5% | |
| 0.5 to 0.6 | 873 | 13.4% | |
| 0.6 to 0.7 | 873 | 13.4% | |
| 0.7 to 0.8 | 853 | 13.1% | |
| 0.8 to 0.9 | 852 | 13.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of THRX?
THRX (THRX) has an average correlation of about 0.357 with other NASDAQ stocks, based on 6,505 pairwise observations.
Is THRX positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 26.2%.
What is the most common correlation range for THRX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for THRX.
Open interactive dashboard →