Biofrontera Inc. Warrants (BFRIW) Correlation Distribution
Across 6,535 rolling correlation observations between Biofrontera Inc. Warrants (BFRIW) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.276, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,535
- Mean correlation
- 0.276
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 15.5%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 189 | 2.9% | |
| -0.6 to -0.5 | 189 | 2.9% | |
| -0.5 to -0.4 | 354 | 5.4% | |
| -0.4 to -0.3 | 353 | 5.4% | |
| -0.3 to -0.2 | 261 | 4.0% | |
| -0.2 to -0.1 | 261 | 4.0% | |
| -0.1 to 0.0 | 244 | 3.7% | |
| 0.0 to 0.1 | 243 | 3.7% | |
| 0.1 to 0.2 | 283 | 4.3% | |
| 0.2 to 0.3 | 283 | 4.3% | |
| 0.3 to 0.4 | 390 | 6.0% | |
| 0.4 to 0.5 | 390 | 6.0% | |
| 0.5 to 0.6 | 1,014 | 15.5% | |
| 0.6 to 0.7 | 1,014 | 15.5% | |
| 0.7 to 0.8 | 486 | 7.4% | |
| 0.8 to 0.9 | 486 | 7.4% | |
| 0.9 to 1.0 | 44 | 0.7% |
Frequently asked questions
What is the average correlation of BFRIW?
Biofrontera Inc. Warrants (BFRIW) has an average correlation of about 0.276 with other NASDAQ stocks, based on 6,535 pairwise observations.
Is BFRIW positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 15.5%.
What is the most common correlation range for BFRIW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for BFRIW.
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