BITE (BITE) Correlation Distribution
Across 6,365 rolling correlation observations between BITE (BITE) and other NASDAQ-listed stocks, 25.2% are positive and 74.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.203, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,365
- Mean correlation
- -0.203
- Most common range
- -0.5 to -0.4
- Positive pairs
- 25.2%
- Strong positive (≥0.7)
- 1.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 63 | 1.0% | |
| -0.8 to -0.7 | 63 | 1.0% | |
| -0.7 to -0.6 | 328 | 5.2% | |
| -0.6 to -0.5 | 327 | 5.1% | |
| -0.5 to -0.4 | 1,352 | 21.2% | |
| -0.4 to -0.3 | 1,352 | 21.2% | |
| -0.3 to -0.2 | 494 | 7.8% | |
| -0.2 to -0.1 | 494 | 7.8% | |
| -0.1 to 0.0 | 285 | 4.5% | |
| 0.0 to 0.1 | 284 | 4.5% | |
| 0.1 to 0.2 | 279 | 4.4% | |
| 0.2 to 0.3 | 279 | 4.4% | |
| 0.3 to 0.4 | 276 | 4.3% | |
| 0.4 to 0.5 | 275 | 4.3% | |
| 0.5 to 0.6 | 63 | 1.0% | |
| 0.6 to 0.7 | 63 | 1.0% | |
| 0.7 to 0.8 | 21 | 0.3% | |
| 0.8 to 0.9 | 20 | 0.3% | |
| 0.9 to 1.0 | 44 | 0.7% |
Frequently asked questions
What is the average correlation of BITE?
BITE (BITE) has an average correlation of about -0.203 with other NASDAQ stocks, based on 6,365 pairwise observations.
Is BITE positively correlated with other stocks?
Not predominantly — 25.2% of pairs are positive and 74.8% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for BITE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for BITE.
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