Benchmark Electronics (BHE) Correlation Distribution
Across 6,809 rolling correlation observations between Benchmark Electronics (BHE) and other NASDAQ-listed stocks, 45.5% are positive and 54.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.031
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45.5%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Printed Circuit Boards
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 274 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 703 | 10.3% | |
| -0.4 to -0.3 | 703 | 10.3% | |
| -0.3 to -0.2 | 641 | 9.4% | |
| -0.2 to -0.1 | 641 | 9.4% | |
| -0.1 to 0.0 | 364 | 5.3% | |
| 0.0 to 0.1 | 364 | 5.3% | |
| 0.1 to 0.2 | 307 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 294 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 356 | 5.2% | |
| 0.6 to 0.7 | 356 | 5.2% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of BHE?
Benchmark Electronics (BHE) has an average correlation of about 0.031 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BHE positively correlated with other stocks?
Not predominantly — 45.5% of pairs are positive and 54.5% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for BHE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for BHE.
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