Big 5 Sporting Goods Corp (BGFV) Correlation Distribution
Across 6,809 rolling correlation observations between Big 5 Sporting Goods Corp (BGFV) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.5% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- 0.291
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 28.5%
- Sector
- Retail-Miscellaneous Shopping Goods Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 68 | 1.0% | |
| -0.9 to -0.8 | 98 | 1.4% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 271 | 4.0% | |
| -0.6 to -0.5 | 270 | 4.0% | |
| -0.5 to -0.4 | 252 | 3.7% | |
| -0.4 to -0.3 | 252 | 3.7% | |
| -0.3 to -0.2 | 212 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 389 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 673 | 9.9% | |
| 0.6 to 0.7 | 672 | 9.9% | |
| 0.7 to 0.8 | 878 | 12.9% | |
| 0.8 to 0.9 | 878 | 12.9% | |
| 0.9 to 1.0 | 184 | 2.7% |
Frequently asked questions
What is the average correlation of BGFV?
Big 5 Sporting Goods Corp (BGFV) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BGFV positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 28.5%.
What is the most common correlation range for BGFV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for BGFV.
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