Brookfield Business Partners L.P.Limited Partnership Units (BBU) Correlation Distribution
Across 6,809 rolling correlation observations between Brookfield Business Partners L.P.Limited Partnership Units (BBU) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.322, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.1% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.322
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 33.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 232 | 3.4% | |
| -0.6 to -0.5 | 232 | 3.4% | |
| -0.5 to -0.4 | 337 | 4.9% | |
| -0.4 to -0.3 | 336 | 4.9% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 244 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 317 | 4.7% | |
| 0.5 to 0.6 | 585 | 8.6% | |
| 0.6 to 0.7 | 584 | 8.6% | |
| 0.7 to 0.8 | 938 | 13.8% | |
| 0.8 to 0.9 | 937 | 13.8% | |
| 0.9 to 1.0 | 382 | 5.6% |
Frequently asked questions
What is the average correlation of BBU?
Brookfield Business Partners L.P.Limited Partnership Units (BBU) has an average correlation of about 0.322 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBU positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 33.1%.
What is the most common correlation range for BBU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for BBU.
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