Burke & Herbert Financial Services Corp. Common Stock (BHRB) Correlation Distribution
Across 6,718 rolling correlation observations between Burke & Herbert Financial Services Corp. Common Stock (BHRB) and other NASDAQ-listed stocks, 46.4% are positive and 53.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,718
- Mean correlation
- -0.007
- Most common range
- -0.1 to 0.0
- Positive pairs
- 46.4%
- Strong positive (≥0.7)
- 0.2%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 26 | 0.4% | |
| -0.6 to -0.5 | 26 | 0.4% | |
| -0.5 to -0.4 | 198 | 2.9% | |
| -0.4 to -0.3 | 197 | 2.9% | |
| -0.3 to -0.2 | 915 | 13.6% | |
| -0.2 to -0.1 | 915 | 13.6% | |
| -0.1 to 0.0 | 1,324 | 19.7% | |
| 0.0 to 0.1 | 1,323 | 19.7% | |
| 0.1 to 0.2 | 587 | 8.7% | |
| 0.2 to 0.3 | 587 | 8.7% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 237 | 3.5% | |
| 0.5 to 0.6 | 65 | 1.0% | |
| 0.6 to 0.7 | 65 | 1.0% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BHRB?
Burke & Herbert Financial Services Corp. Common Stock (BHRB) has an average correlation of about -0.007 with other NASDAQ stocks, based on 6,718 pairwise observations.
Is BHRB positively correlated with other stocks?
Not predominantly — 46.4% of pairs are positive and 53.6% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for BHRB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 84.1% of all pairs.
Explore the full interactive correlation distribution for BHRB.
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