Verona Pharma plc (VRNA) Correlation Distribution
Across 6,809 rolling correlation observations between Verona Pharma plc (VRNA) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 9%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 133 | 2.0% | |
| -0.8 to -0.7 | 132 | 1.9% | |
| -0.7 to -0.6 | 774 | 11.4% | |
| -0.6 to -0.5 | 774 | 11.4% | |
| -0.5 to -0.4 | 786 | 11.5% | |
| -0.4 to -0.3 | 785 | 11.5% | |
| -0.3 to -0.2 | 346 | 5.1% | |
| -0.2 to -0.1 | 345 | 5.1% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 228 | 3.3% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 298 | 4.4% | |
| 0.8 to 0.9 | 297 | 4.4% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of VRNA?
Verona Pharma plc (VRNA) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VRNA positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for VRNA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for VRNA.
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