BECN (BECN) Correlation Distribution
Across 6,808 rolling correlation observations between BECN (BECN) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 11.4%.
- Total observations
- 6,808
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 16.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 387 | 5.7% | |
| -0.8 to -0.7 | 387 | 5.7% | |
| -0.7 to -0.6 | 867 | 12.7% | |
| -0.6 to -0.5 | 866 | 12.7% | |
| -0.5 to -0.4 | 464 | 6.8% | |
| -0.4 to -0.3 | 464 | 6.8% | |
| -0.3 to -0.2 | 260 | 3.8% | |
| -0.2 to -0.1 | 259 | 3.8% | |
| -0.1 to 0.0 | 213 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 194 | 2.8% | |
| 0.4 to 0.5 | 193 | 2.8% | |
| 0.5 to 0.6 | 246 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 442 | 6.5% | |
| 0.8 to 0.9 | 442 | 6.5% | |
| 0.9 to 1.0 | 252 | 3.7% |
Frequently asked questions
What is the average correlation of BECN?
BECN (BECN) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BECN positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for BECN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for BECN.
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