Best Buy Company, Inc. (BBY) Correlation Distribution
Across 6,809 rolling correlation observations between Best Buy Company, Inc. (BBY) and other NASDAQ-listed stocks, 69.8% are positive and 30.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.8% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.294
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.8%
- Strong positive (≥0.7)
- 26.8%
- Sector
- Retail-Radio, Tv & Consumer Electronics Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 176 | 2.6% | |
| -0.6 to -0.5 | 176 | 2.6% | |
| -0.5 to -0.4 | 301 | 4.4% | |
| -0.4 to -0.3 | 301 | 4.4% | |
| -0.3 to -0.2 | 377 | 5.5% | |
| -0.2 to -0.1 | 376 | 5.5% | |
| -0.1 to 0.0 | 302 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 310 | 4.6% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 387 | 5.7% | |
| 0.5 to 0.6 | 619 | 9.1% | |
| 0.6 to 0.7 | 619 | 9.1% | |
| 0.7 to 0.8 | 889 | 13.1% | |
| 0.8 to 0.9 | 888 | 13.0% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of BBY?
Best Buy Company, Inc. (BBY) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBY positively correlated with other stocks?
Mostly yes — 69.8% of pairs are positive and 30.2% are negative. Strong positive correlations (≥0.7) make up 26.8%.
What is the most common correlation range for BBY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for BBY.
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