XOMA Royalty Corporation Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock (XOMAO) Correlation Distribution
Across 6,801 rolling correlation observations between XOMA Royalty Corporation Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock (XOMAO) and other NASDAQ-listed stocks, 78.8% are positive and 21.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,801
- Mean correlation
- 0.235
- Most common range
- 0.3 to 0.4
- Positive pairs
- 78.8%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 81 | 1.2% | |
| -0.6 to -0.5 | 81 | 1.2% | |
| -0.5 to -0.4 | 173 | 2.5% | |
| -0.4 to -0.3 | 172 | 2.5% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 423 | 6.2% | |
| 0.0 to 0.1 | 422 | 6.2% | |
| 0.1 to 0.2 | 815 | 12.0% | |
| 0.2 to 0.3 | 814 | 12.0% | |
| 0.3 to 0.4 | 991 | 14.6% | |
| 0.4 to 0.5 | 991 | 14.6% | |
| 0.5 to 0.6 | 580 | 8.5% | |
| 0.6 to 0.7 | 579 | 8.5% | |
| 0.7 to 0.8 | 82 | 1.2% | |
| 0.8 to 0.9 | 81 | 1.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of XOMAO?
XOMA Royalty Corporation Depositary Shares Rep Series B 8.375% Cumulative Preferred Stock (XOMAO) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is XOMAO positively correlated with other stocks?
Mostly yes — 78.8% of pairs are positive and 21.2% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for XOMAO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 43.7% of all pairs.
Explore the full interactive correlation distribution for XOMAO.
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