Couchbase, Inc. Common Stock (BASE) Correlation Distribution
Across 6,804 rolling correlation observations between Couchbase, Inc. Common Stock (BASE) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.275, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.4% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,804
- Mean correlation
- 0.275
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 13.4%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 45 | 0.7% | |
| -0.6 to -0.5 | 45 | 0.7% | |
| -0.5 to -0.4 | 201 | 3.0% | |
| -0.4 to -0.3 | 200 | 2.9% | |
| -0.3 to -0.2 | 423 | 6.2% | |
| -0.2 to -0.1 | 423 | 6.2% | |
| -0.1 to 0.0 | 498 | 7.3% | |
| 0.0 to 0.1 | 497 | 7.3% | |
| 0.1 to 0.2 | 471 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 544 | 8.0% | |
| 0.4 to 0.5 | 544 | 8.0% | |
| 0.5 to 0.6 | 758 | 11.1% | |
| 0.6 to 0.7 | 758 | 11.1% | |
| 0.7 to 0.8 | 451 | 6.6% | |
| 0.8 to 0.9 | 451 | 6.6% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of BASE?
Couchbase, Inc. Common Stock (BASE) has an average correlation of about 0.275 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is BASE positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 13.4%.
What is the most common correlation range for BASE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.9% of all pairs.
Explore the full interactive correlation distribution for BASE.
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