Biglari Holdings Inc. Class B Common Stock (BH) Correlation Distribution
Across 6,809 rolling correlation observations between Biglari Holdings Inc. Class B Common Stock (BH) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- -0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 53 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 584 | 8.6% | |
| -0.6 to -0.5 | 584 | 8.6% | |
| -0.5 to -0.4 | 692 | 10.2% | |
| -0.4 to -0.3 | 692 | 10.2% | |
| -0.3 to -0.2 | 453 | 6.7% | |
| -0.2 to -0.1 | 452 | 6.6% | |
| -0.1 to 0.0 | 314 | 4.6% | |
| 0.0 to 0.1 | 314 | 4.6% | |
| 0.1 to 0.2 | 262 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 279 | 4.1% | |
| 0.5 to 0.6 | 383 | 5.6% | |
| 0.6 to 0.7 | 382 | 5.6% | |
| 0.7 to 0.8 | 386 | 5.7% | |
| 0.8 to 0.9 | 385 | 5.7% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BH?
Biglari Holdings Inc. Class B Common Stock (BH) has an average correlation of about -0.017 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BH positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for BH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.2% of all pairs.
Explore the full interactive correlation distribution for BH.
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