Zymeworks Inc. (ZYME) Correlation Distribution
Across 6,809 rolling correlation observations between Zymeworks Inc. (ZYME) and other NASDAQ-listed stocks, 61.5% are positive and 38.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.19, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.5% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.19
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.5%
- Strong positive (≥0.7)
- 24.5%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 101 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 349 | 5.1% | |
| -0.6 to -0.5 | 349 | 5.1% | |
| -0.5 to -0.4 | 398 | 5.8% | |
| -0.4 to -0.3 | 398 | 5.8% | |
| -0.3 to -0.2 | 315 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 292 | 4.3% | |
| 0.2 to 0.3 | 292 | 4.3% | |
| 0.3 to 0.4 | 355 | 5.2% | |
| 0.4 to 0.5 | 355 | 5.2% | |
| 0.5 to 0.6 | 471 | 6.9% | |
| 0.6 to 0.7 | 470 | 6.9% | |
| 0.7 to 0.8 | 751 | 11.0% | |
| 0.8 to 0.9 | 751 | 11.0% | |
| 0.9 to 1.0 | 165 | 2.4% |
Frequently asked questions
What is the average correlation of ZYME?
Zymeworks Inc. (ZYME) has an average correlation of about 0.19 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ZYME positively correlated with other stocks?
Mostly yes — 61.5% of pairs are positive and 38.5% are negative. Strong positive correlations (≥0.7) make up 24.5%.
What is the most common correlation range for ZYME?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for ZYME.
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