Xenon Pharmaceuticals Inc (XENE) Correlation Distribution
Across 6,809 rolling correlation observations between Xenon Pharmaceuticals Inc (XENE) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.17, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.2% and strong negative correlations (≤−0.7) for 22.9%.
- Total observations
- 6,809
- Mean correlation
- -0.17
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 7.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 65 | 1.0% | |
| -0.9 to -0.8 | 746 | 11.0% | |
| -0.8 to -0.7 | 745 | 10.9% | |
| -0.7 to -0.6 | 552 | 8.1% | |
| -0.6 to -0.5 | 552 | 8.1% | |
| -0.5 to -0.4 | 332 | 4.9% | |
| -0.4 to -0.3 | 332 | 4.9% | |
| -0.3 to -0.2 | 317 | 4.7% | |
| -0.2 to -0.1 | 317 | 4.7% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 258 | 3.8% | |
| 0.2 to 0.3 | 258 | 3.8% | |
| 0.3 to 0.4 | 288 | 4.2% | |
| 0.4 to 0.5 | 288 | 4.2% | |
| 0.5 to 0.6 | 357 | 5.2% | |
| 0.6 to 0.7 | 356 | 5.2% | |
| 0.7 to 0.8 | 236 | 3.5% | |
| 0.8 to 0.9 | 235 | 3.5% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of XENE?
Xenon Pharmaceuticals Inc (XENE) has an average correlation of about -0.17 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is XENE positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 7.2%.
What is the most common correlation range for XENE?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 25.1% of all pairs.
Explore the full interactive correlation distribution for XENE.
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