Bel Fuse Inc (BELFB) Correlation Distribution
Across 6,809 rolling correlation observations between Bel Fuse Inc (BELFB) and other NASDAQ-listed stocks, 35.8% are positive and 64.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.168, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 22.5%.
- Total observations
- 6,809
- Mean correlation
- -0.168
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.8%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Electronic Coils, Transformers & Other Inductors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 66 | 1.0% | |
| -0.9 to -0.8 | 732 | 10.8% | |
| -0.8 to -0.7 | 732 | 10.8% | |
| -0.7 to -0.6 | 789 | 11.6% | |
| -0.6 to -0.5 | 789 | 11.6% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 183 | 2.7% | |
| 0.0 to 0.1 | 183 | 2.7% | |
| 0.1 to 0.2 | 187 | 2.7% | |
| 0.2 to 0.3 | 186 | 2.7% | |
| 0.3 to 0.4 | 192 | 2.8% | |
| 0.4 to 0.5 | 192 | 2.8% | |
| 0.5 to 0.6 | 229 | 3.4% | |
| 0.6 to 0.7 | 228 | 3.3% | |
| 0.7 to 0.8 | 375 | 5.5% | |
| 0.8 to 0.9 | 375 | 5.5% | |
| 0.9 to 1.0 | 291 | 4.3% |
Frequently asked questions
What is the average correlation of BELFB?
Bel Fuse Inc (BELFB) has an average correlation of about -0.168 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BELFB positively correlated with other stocks?
Not predominantly — 35.8% of pairs are positive and 64.2% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for BELFB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for BELFB.
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