Heartbeam, Inc. Warrant (BEATW) Correlation Distribution
Across 6,584 rolling correlation observations between Heartbeam, Inc. Warrant (BEATW) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.142, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,584
- Mean correlation
- 0.142
- Most common range
- 0.1 to 0.2
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 0.2%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 18 | 0.3% | |
| -0.6 to -0.5 | 18 | 0.3% | |
| -0.5 to -0.4 | 106 | 1.6% | |
| -0.4 to -0.3 | 105 | 1.6% | |
| -0.3 to -0.2 | 366 | 5.6% | |
| -0.2 to -0.1 | 366 | 5.6% | |
| -0.1 to 0.0 | 788 | 12.0% | |
| 0.0 to 0.1 | 788 | 12.0% | |
| 0.1 to 0.2 | 1,149 | 17.5% | |
| 0.2 to 0.3 | 1,148 | 17.4% | |
| 0.3 to 0.4 | 776 | 11.8% | |
| 0.4 to 0.5 | 775 | 11.8% | |
| 0.5 to 0.6 | 83 | 1.3% | |
| 0.6 to 0.7 | 82 | 1.2% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 7 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BEATW?
Heartbeam, Inc. Warrant (BEATW) has an average correlation of about 0.142 with other NASDAQ stocks, based on 6,584 pairwise observations.
Is BEATW positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for BEATW?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 69.9% of all pairs.
Explore the full interactive correlation distribution for BEATW.
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