XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP) Correlation Distribution
Across 6,754 rolling correlation observations between XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP) and other NASDAQ-listed stocks, 79% are positive and 21% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.24, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,754
- Mean correlation
- 0.24
- Most common range
- 0.3 to 0.4
- Positive pairs
- 79%
- Strong positive (≥0.7)
- 2.7%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 171 | 2.5% | |
| -0.4 to -0.3 | 170 | 2.5% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 412 | 6.1% | |
| 0.0 to 0.1 | 411 | 6.1% | |
| 0.1 to 0.2 | 777 | 11.5% | |
| 0.2 to 0.3 | 777 | 11.5% | |
| 0.3 to 0.4 | 995 | 14.7% | |
| 0.4 to 0.5 | 995 | 14.7% | |
| 0.5 to 0.6 | 599 | 8.9% | |
| 0.6 to 0.7 | 598 | 8.9% | |
| 0.7 to 0.8 | 92 | 1.4% | |
| 0.8 to 0.9 | 92 | 1.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of XOMAP?
XOMA Royalty Corporation 8.625% Series A Cumulative Perpetual Preferred Stock (XOMAP) has an average correlation of about 0.24 with other NASDAQ stocks, based on 6,754 pairwise observations.
Is XOMAP positively correlated with other stocks?
Mostly yes — 79% of pairs are positive and 21% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for XOMAP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42.2% of all pairs.
Explore the full interactive correlation distribution for XOMAP.
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