BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) Correlation Distribution
Across 6,767 rolling correlation observations between BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.273, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.8% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,767
- Mean correlation
- 0.273
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 19.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 293 | 4.3% | |
| -0.4 to -0.3 | 292 | 4.3% | |
| -0.3 to -0.2 | 433 | 6.4% | |
| -0.2 to -0.1 | 432 | 6.4% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 375 | 5.5% | |
| 0.1 to 0.2 | 366 | 5.4% | |
| 0.2 to 0.3 | 365 | 5.4% | |
| 0.3 to 0.4 | 431 | 6.4% | |
| 0.4 to 0.5 | 430 | 6.4% | |
| 0.5 to 0.6 | 701 | 10.4% | |
| 0.6 to 0.7 | 701 | 10.4% | |
| 0.7 to 0.8 | 657 | 9.7% | |
| 0.8 to 0.9 | 656 | 9.7% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of BIPI?
BIP Bermuda Holdings I Limited 5.125% Perpetual Subordinated Notes (BIPI) has an average correlation of about 0.273 with other NASDAQ stocks, based on 6,767 pairwise observations.
Is BIPI 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 19.8%.
What is the most common correlation range for BIPI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.7% of all pairs.
Explore the full interactive correlation distribution for BIPI.
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