BEST (BEST) Correlation Distribution
Across 6,805 rolling correlation observations between BEST (BEST) and other NASDAQ-listed stocks, 61.1% are positive and 38.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.177, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.5% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,805
- Mean correlation
- 0.177
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.1%
- Strong positive (≥0.7)
- 25.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 222 | 3.3% | |
| -0.8 to -0.7 | 221 | 3.2% | |
| -0.7 to -0.6 | 397 | 5.8% | |
| -0.6 to -0.5 | 397 | 5.8% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 316 | 4.6% | |
| -0.3 to -0.2 | 255 | 3.7% | |
| -0.2 to -0.1 | 254 | 3.7% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 260 | 3.8% | |
| 0.1 to 0.2 | 276 | 4.1% | |
| 0.2 to 0.3 | 276 | 4.1% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 481 | 7.1% | |
| 0.6 to 0.7 | 480 | 7.1% | |
| 0.7 to 0.8 | 668 | 9.8% | |
| 0.8 to 0.9 | 668 | 9.8% | |
| 0.9 to 1.0 | 399 | 5.9% |
Frequently asked questions
What is the average correlation of BEST?
BEST (BEST) has an average correlation of about 0.177 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is BEST positively correlated with other stocks?
Mostly yes — 61.1% of pairs are positive and 38.9% are negative. Strong positive correlations (≥0.7) make up 25.5%.
What is the most common correlation range for BEST?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for BEST.
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