XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) Correlation Distribution
Across 6,735 rolling correlation observations between XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,735
- Mean correlation
- 0.309
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 20.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 65 | 1.0% | |
| -0.6 to -0.5 | 64 | 1.0% | |
| -0.5 to -0.4 | 275 | 4.1% | |
| -0.4 to -0.3 | 274 | 4.1% | |
| -0.3 to -0.2 | 377 | 5.6% | |
| -0.2 to -0.1 | 377 | 5.6% | |
| -0.1 to 0.0 | 330 | 4.9% | |
| 0.0 to 0.1 | 330 | 4.9% | |
| 0.1 to 0.2 | 365 | 5.4% | |
| 0.2 to 0.3 | 364 | 5.4% | |
| 0.3 to 0.4 | 489 | 7.3% | |
| 0.4 to 0.5 | 489 | 7.3% | |
| 0.5 to 0.6 | 760 | 11.3% | |
| 0.6 to 0.7 | 759 | 11.3% | |
| 0.7 to 0.8 | 661 | 9.8% | |
| 0.8 to 0.9 | 661 | 9.8% | |
| 0.9 to 1.0 | 56 | 0.8% |
Frequently asked questions
What is the average correlation of XTLB?
XTL Biopharmaceuticals Ltd. American Depositary Shares (XTLB) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,735 pairwise observations.
Is XTLB positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 20.5%.
What is the most common correlation range for XTLB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for XTLB.
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