10x Genomics, Inc. Class A Common Stock (TXG) Correlation Distribution
Across 6,809 rolling correlation observations between 10x Genomics, Inc. Class A Common Stock (TXG) and other NASDAQ-listed stocks, 67.9% are positive and 32.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.293, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 36.8% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- 0.293
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.9%
- Strong positive (≥0.7)
- 36.8%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 137 | 2.0% | |
| -0.8 to -0.7 | 137 | 2.0% | |
| -0.7 to -0.6 | 362 | 5.3% | |
| -0.6 to -0.5 | 361 | 5.3% | |
| -0.5 to -0.4 | 260 | 3.8% | |
| -0.4 to -0.3 | 259 | 3.8% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 202 | 3.0% | |
| 0.0 to 0.1 | 202 | 3.0% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 274 | 4.0% | |
| 0.5 to 0.6 | 456 | 6.7% | |
| 0.6 to 0.7 | 455 | 6.7% | |
| 0.7 to 0.8 | 938 | 13.8% | |
| 0.8 to 0.9 | 938 | 13.8% | |
| 0.9 to 1.0 | 629 | 9.2% |
Frequently asked questions
What is the average correlation of TXG?
10x Genomics, Inc. Class A Common Stock (TXG) has an average correlation of about 0.293 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TXG positively correlated with other stocks?
Mostly yes — 67.9% of pairs are positive and 32.1% are negative. Strong positive correlations (≥0.7) make up 36.8%.
What is the most common correlation range for TXG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for TXG.
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