Heartbeam, Inc. Common Stock (BEAT) Correlation Distribution
Across 6,798 rolling correlation observations between Heartbeam, Inc. Common Stock (BEAT) and other NASDAQ-listed stocks, 54.6% are positive and 45.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,798
- Mean correlation
- 0.079
- Most common range
- -0.1 to 0.0
- Positive pairs
- 54.6%
- Strong positive (≥0.7)
- 13.9%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 131 | 1.9% | |
| -0.7 to -0.6 | 352 | 5.2% | |
| -0.6 to -0.5 | 352 | 5.2% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 372 | 5.5% | |
| -0.3 to -0.2 | 445 | 6.5% | |
| -0.2 to -0.1 | 444 | 6.5% | |
| -0.1 to 0.0 | 486 | 7.1% | |
| 0.0 to 0.1 | 486 | 7.1% | |
| 0.1 to 0.2 | 477 | 7.0% | |
| 0.2 to 0.3 | 476 | 7.0% | |
| 0.3 to 0.4 | 322 | 4.7% | |
| 0.4 to 0.5 | 321 | 4.7% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 359 | 5.3% | |
| 0.8 to 0.9 | 359 | 5.3% | |
| 0.9 to 1.0 | 228 | 3.4% |
Frequently asked questions
What is the average correlation of BEAT?
Heartbeam, Inc. Common Stock (BEAT) has an average correlation of about 0.079 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is BEAT positively correlated with other stocks?
Mostly yes — 54.6% of pairs are positive and 45.4% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for BEAT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 41.4% of all pairs.
Explore the full interactive correlation distribution for BEAT.
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