Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) Correlation Distribution
Across 6,809 rolling correlation observations between Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) and other NASDAQ-listed stocks, 72.3% are positive and 27.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.184, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.184
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.3%
- Strong positive (≥0.7)
- 0.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 83 | 1.2% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 404 | 5.9% | |
| -0.2 to -0.1 | 404 | 5.9% | |
| -0.1 to 0.0 | 444 | 6.5% | |
| 0.0 to 0.1 | 443 | 6.5% | |
| 0.1 to 0.2 | 725 | 10.6% | |
| 0.2 to 0.3 | 725 | 10.6% | |
| 0.3 to 0.4 | 1,007 | 14.8% | |
| 0.4 to 0.5 | 1,006 | 14.8% | |
| 0.5 to 0.6 | 485 | 7.1% | |
| 0.6 to 0.7 | 484 | 7.1% | |
| 0.7 to 0.8 | 24 | 0.4% | |
| 0.8 to 0.9 | 23 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BIPC?
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC) has an average correlation of about 0.184 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BIPC positively correlated with other stocks?
Mostly yes — 72.3% of pairs are positive and 27.7% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for BIPC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.2% of all pairs.
Explore the full interactive correlation distribution for BIPC.
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