BioVie, Inc. Common Stock (BIVI) Correlation Distribution
Across 6,808 rolling correlation observations between BioVie, Inc. Common Stock (BIVI) and other NASDAQ-listed stocks, 64.8% are positive and 35.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,808
- Mean correlation
- 0.197
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.8%
- Strong positive (≥0.7)
- 17%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 46 | 0.7% | |
| -0.7 to -0.6 | 357 | 5.2% | |
| -0.6 to -0.5 | 357 | 5.2% | |
| -0.5 to -0.4 | 376 | 5.5% | |
| -0.4 to -0.3 | 375 | 5.5% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 346 | 5.1% | |
| 0.2 to 0.3 | 345 | 5.1% | |
| 0.3 to 0.4 | 456 | 6.7% | |
| 0.4 to 0.5 | 455 | 6.7% | |
| 0.5 to 0.6 | 682 | 10.0% | |
| 0.6 to 0.7 | 682 | 10.0% | |
| 0.7 to 0.8 | 564 | 8.3% | |
| 0.8 to 0.9 | 564 | 8.3% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of BIVI?
BioVie, Inc. Common Stock (BIVI) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BIVI positively correlated with other stocks?
Mostly yes — 64.8% of pairs are positive and 35.2% are negative. Strong positive correlations (≥0.7) make up 17%.
What is the most common correlation range for BIVI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for BIVI.
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