Braemar Hotels & Resorts Inc. Common Stock (BHR) Correlation Distribution
Across 6,809 rolling correlation observations between Braemar Hotels & Resorts Inc. Common Stock (BHR) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.256, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- 0.256
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 15%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 206 | 3.0% | |
| -0.6 to -0.5 | 205 | 3.0% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 293 | 4.3% | |
| -0.3 to -0.2 | 237 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 342 | 5.0% | |
| 0.2 to 0.3 | 341 | 5.0% | |
| 0.3 to 0.4 | 558 | 8.2% | |
| 0.4 to 0.5 | 558 | 8.2% | |
| 0.5 to 0.6 | 894 | 13.1% | |
| 0.6 to 0.7 | 893 | 13.1% | |
| 0.7 to 0.8 | 504 | 7.4% | |
| 0.8 to 0.9 | 503 | 7.4% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of BHR?
Braemar Hotels & Resorts Inc. Common Stock (BHR) has an average correlation of about 0.256 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BHR positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for BHR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for BHR.
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