Birks Group Inc (BGI) Correlation Distribution
Across 6,808 rolling correlation observations between Birks Group Inc (BGI) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.1% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,808
- Mean correlation
- -0.064
- Most common range
- -0.3 to -0.2
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 3.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 301 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 589 | 8.7% | |
| -0.4 to -0.3 | 588 | 8.6% | |
| -0.3 to -0.2 | 747 | 11.0% | |
| -0.2 to -0.1 | 747 | 11.0% | |
| -0.1 to 0.0 | 586 | 8.6% | |
| 0.0 to 0.1 | 585 | 8.6% | |
| 0.1 to 0.2 | 470 | 6.9% | |
| 0.2 to 0.3 | 470 | 6.9% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 214 | 3.1% | |
| 0.6 to 0.7 | 214 | 3.1% | |
| 0.7 to 0.8 | 105 | 1.5% | |
| 0.8 to 0.9 | 104 | 1.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BGI?
Birks Group Inc (BGI) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BGI positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 3.1%.
What is the most common correlation range for BGI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 53% of all pairs.
Explore the full interactive correlation distribution for BGI.
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