Xenetic Biosciences, Inc. (XBIO) Correlation Distribution
Across 6,808 rolling correlation observations between Xenetic Biosciences, Inc. (XBIO) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,808
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 35.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 278 | 4.1% | |
| -0.6 to -0.5 | 278 | 4.1% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 289 | 4.2% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 257 | 3.8% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 260 | 3.8% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 276 | 4.1% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 314 | 4.6% | |
| 0.5 to 0.6 | 492 | 7.2% | |
| 0.6 to 0.7 | 491 | 7.2% | |
| 0.7 to 0.8 | 1,071 | 15.7% | |
| 0.8 to 0.9 | 1,071 | 15.7% | |
| 0.9 to 1.0 | 253 | 3.7% |
Frequently asked questions
What is the average correlation of XBIO?
Xenetic Biosciences, Inc. (XBIO) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is XBIO positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 35.2%.
What is the most common correlation range for XBIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for XBIO.
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