Bel Fuse Inc (BELFA) Correlation Distribution
Across 6,792 rolling correlation observations between Bel Fuse Inc (BELFA) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.15, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 19%.
- Total observations
- 6,792
- Mean correlation
- -0.15
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 15.4%
- Sector
- Electronic Coils, Transformers & Other Inductors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 635 | 9.3% | |
| -0.8 to -0.7 | 634 | 9.3% | |
| -0.7 to -0.6 | 846 | 12.5% | |
| -0.6 to -0.5 | 845 | 12.4% | |
| -0.5 to -0.4 | 339 | 5.0% | |
| -0.4 to -0.3 | 338 | 5.0% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 188 | 2.8% | |
| 0.3 to 0.4 | 196 | 2.9% | |
| 0.4 to 0.5 | 195 | 2.9% | |
| 0.5 to 0.6 | 240 | 3.5% | |
| 0.6 to 0.7 | 239 | 3.5% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 381 | 5.6% | |
| 0.9 to 1.0 | 282 | 4.2% |
Frequently asked questions
What is the average correlation of BELFA?
Bel Fuse Inc (BELFA) has an average correlation of about -0.15 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is BELFA positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for BELFA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for BELFA.
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