Bio-Rad Laboratories, Inc.Class A (BIO) Correlation Distribution
Across 6,809 rolling correlation observations between Bio-Rad Laboratories, Inc.Class A (BIO) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.286, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.6% and strong negative correlations (≤−0.7) for 6.1%.
- Total observations
- 6,809
- Mean correlation
- 0.286
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 33.6%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 208 | 3.1% | |
| -0.8 to -0.7 | 207 | 3.0% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 218 | 3.2% | |
| -0.3 to -0.2 | 208 | 3.1% | |
| -0.2 to -0.1 | 208 | 3.1% | |
| -0.1 to 0.0 | 180 | 2.6% | |
| 0.0 to 0.1 | 180 | 2.6% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 318 | 4.7% | |
| 0.4 to 0.5 | 318 | 4.7% | |
| 0.5 to 0.6 | 581 | 8.5% | |
| 0.6 to 0.7 | 581 | 8.5% | |
| 0.7 to 0.8 | 1,031 | 15.1% | |
| 0.8 to 0.9 | 1,030 | 15.1% | |
| 0.9 to 1.0 | 229 | 3.4% |
Frequently asked questions
What is the average correlation of BIO?
Bio-Rad Laboratories, Inc.Class A (BIO) has an average correlation of about 0.286 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BIO positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 33.6%.
What is the most common correlation range for BIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for BIO.
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