Biodexa Pharmaceuticals plc American Depositary Shs (BDRX) Correlation Distribution
Across 6,130 rolling correlation observations between Biodexa Pharmaceuticals plc American Depositary Shs (BDRX) and other NASDAQ-listed stocks, 47% are positive and 53% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,130
- Mean correlation
- 0.006
- Most common range
- -0.7 to -0.6
- Positive pairs
- 47%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 96 | 1.6% | |
| -0.8 to -0.7 | 96 | 1.6% | |
| -0.7 to -0.6 | 587 | 9.6% | |
| -0.6 to -0.5 | 587 | 9.6% | |
| -0.5 to -0.4 | 464 | 7.6% | |
| -0.4 to -0.3 | 464 | 7.6% | |
| -0.3 to -0.2 | 348 | 5.7% | |
| -0.2 to -0.1 | 348 | 5.7% | |
| -0.1 to 0.0 | 254 | 4.1% | |
| 0.0 to 0.1 | 253 | 4.1% | |
| 0.1 to 0.2 | 247 | 4.0% | |
| 0.2 to 0.3 | 247 | 4.0% | |
| 0.3 to 0.4 | 328 | 5.4% | |
| 0.4 to 0.5 | 328 | 5.4% | |
| 0.5 to 0.6 | 374 | 6.1% | |
| 0.6 to 0.7 | 374 | 6.1% | |
| 0.7 to 0.8 | 331 | 5.4% | |
| 0.8 to 0.9 | 330 | 5.4% | |
| 0.9 to 1.0 | 71 | 1.2% |
Frequently asked questions
What is the average correlation of BDRX?
Biodexa Pharmaceuticals plc American Depositary Shs (BDRX) has an average correlation of about 0.006 with other NASDAQ stocks, based on 6,130 pairwise observations.
Is BDRX positively correlated with other stocks?
Not predominantly — 47% of pairs are positive and 53% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for BDRX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.7% of all pairs.
Explore the full interactive correlation distribution for BDRX.
Open interactive dashboard →