Butterfly Network, Inc. (BFLY) Correlation Distribution
Across 6,806 rolling correlation observations between Butterfly Network, Inc. (BFLY) and other NASDAQ-listed stocks, 71.4% are positive and 28.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.337, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,806
- Mean correlation
- 0.337
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.4%
- Strong positive (≥0.7)
- 37.1%
- Sector
- X-Ray Apparatus & Tubes & Related Irradiation Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 114 | 1.7% | |
| -0.8 to -0.7 | 114 | 1.7% | |
| -0.7 to -0.6 | 241 | 3.5% | |
| -0.6 to -0.5 | 240 | 3.5% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 236 | 3.5% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 503 | 7.4% | |
| 0.6 to 0.7 | 502 | 7.4% | |
| 0.7 to 0.8 | 906 | 13.3% | |
| 0.8 to 0.9 | 905 | 13.3% | |
| 0.9 to 1.0 | 712 | 10.5% |
Frequently asked questions
What is the average correlation of BFLY?
Butterfly Network, Inc. (BFLY) has an average correlation of about 0.337 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BFLY positively correlated with other stocks?
Mostly yes — 71.4% of pairs are positive and 28.6% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for BFLY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for BFLY.
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