Barrett Business Services (BBSI) Correlation Distribution
Across 6,809 rolling correlation observations between Barrett Business Services (BBSI) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.101, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 11.1%.
- Total observations
- 6,809
- Mean correlation
- -0.101
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Services-Help Supply Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 371 | 5.4% | |
| -0.8 to -0.7 | 370 | 5.4% | |
| -0.7 to -0.6 | 900 | 13.2% | |
| -0.6 to -0.5 | 899 | 13.2% | |
| -0.5 to -0.4 | 472 | 6.9% | |
| -0.4 to -0.3 | 471 | 6.9% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 178 | 2.6% | |
| 0.3 to 0.4 | 198 | 2.9% | |
| 0.4 to 0.5 | 198 | 2.9% | |
| 0.5 to 0.6 | 247 | 3.6% | |
| 0.6 to 0.7 | 247 | 3.6% | |
| 0.7 to 0.8 | 385 | 5.7% | |
| 0.8 to 0.9 | 384 | 5.6% | |
| 0.9 to 1.0 | 353 | 5.2% |
Frequently asked questions
What is the average correlation of BBSI?
Barrett Business Services (BBSI) has an average correlation of about -0.101 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBSI positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for BBSI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for BBSI.
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