BKDT (BKDT) Correlation Distribution
Across 5,477 rolling correlation observations between BKDT (BKDT) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 15.3%.
- Total observations
- 5,477
- Mean correlation
- -0.016
- Most common range
- -0.9 to -0.8
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 12%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.1% | |
| -0.9 to -0.8 | 419 | 7.7% | |
| -0.8 to -0.7 | 418 | 7.6% | |
| -0.7 to -0.6 | 370 | 6.8% | |
| -0.6 to -0.5 | 369 | 6.7% | |
| -0.5 to -0.4 | 255 | 4.7% | |
| -0.4 to -0.3 | 255 | 4.7% | |
| -0.3 to -0.2 | 215 | 3.9% | |
| -0.2 to -0.1 | 215 | 3.9% | |
| -0.1 to 0.0 | 217 | 4.0% | |
| 0.0 to 0.1 | 217 | 4.0% | |
| 0.1 to 0.2 | 267 | 4.9% | |
| 0.2 to 0.3 | 267 | 4.9% | |
| 0.3 to 0.4 | 287 | 5.2% | |
| 0.4 to 0.5 | 286 | 5.2% | |
| 0.5 to 0.6 | 379 | 6.9% | |
| 0.6 to 0.7 | 379 | 6.9% | |
| 0.7 to 0.8 | 322 | 5.9% | |
| 0.8 to 0.9 | 322 | 5.9% | |
| 0.9 to 1.0 | 15 | 0.3% |
Frequently asked questions
What is the average correlation of BKDT?
BKDT (BKDT) has an average correlation of about -0.016 with other NASDAQ stocks, based on 5,477 pairwise observations.
Is BKDT positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for BKDT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for BKDT.
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