T2 BIOSYSTEMS INC (TTOO) Correlation Distribution
Across 6,809 rolling correlation observations between T2 BIOSYSTEMS INC (TTOO) and other NASDAQ-listed stocks, 65.6% are positive and 34.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.6% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,809
- Mean correlation
- 0.269
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.6%
- Strong positive (≥0.7)
- 35.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 158 | 2.3% | |
| -0.8 to -0.7 | 157 | 2.3% | |
| -0.7 to -0.6 | 378 | 5.6% | |
| -0.6 to -0.5 | 377 | 5.5% | |
| -0.5 to -0.4 | 299 | 4.4% | |
| -0.4 to -0.3 | 298 | 4.4% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 279 | 4.1% | |
| 0.5 to 0.6 | 415 | 6.1% | |
| 0.6 to 0.7 | 414 | 6.1% | |
| 0.7 to 0.8 | 831 | 12.2% | |
| 0.8 to 0.9 | 830 | 12.2% | |
| 0.9 to 1.0 | 766 | 11.2% |
Frequently asked questions
What is the average correlation of TTOO?
T2 BIOSYSTEMS INC (TTOO) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TTOO positively correlated with other stocks?
Mostly yes — 65.6% of pairs are positive and 34.4% are negative. Strong positive correlations (≥0.7) make up 35.6%.
What is the most common correlation range for TTOO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for TTOO.
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