Viking Therapeutics, Inc (VKTX) Correlation Distribution
Across 6,809 rolling correlation observations between Viking Therapeutics, Inc (VKTX) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 8.8%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 586 | 8.6% | |
| -0.6 to -0.5 | 585 | 8.6% | |
| -0.5 to -0.4 | 926 | 13.6% | |
| -0.4 to -0.3 | 925 | 13.6% | |
| -0.3 to -0.2 | 415 | 6.1% | |
| -0.2 to -0.1 | 415 | 6.1% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 297 | 4.4% | |
| 0.8 to 0.9 | 297 | 4.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of VKTX?
Viking Therapeutics, Inc (VKTX) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VKTX positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for VKTX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.3% of all pairs.
Explore the full interactive correlation distribution for VKTX.
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