Bakkt Holdings, Inc. (BKKT) Correlation Distribution
Across 6,798 rolling correlation observations between Bakkt Holdings, Inc. (BKKT) and other NASDAQ-listed stocks, 71.9% are positive and 28.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25.2% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,798
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.9%
- Strong positive (≥0.7)
- 25.2%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 103 | 1.5% | |
| -0.5 to -0.4 | 350 | 5.1% | |
| -0.4 to -0.3 | 350 | 5.1% | |
| -0.3 to -0.2 | 330 | 4.9% | |
| -0.2 to -0.1 | 330 | 4.9% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 272 | 4.0% | |
| 0.1 to 0.2 | 292 | 4.3% | |
| 0.2 to 0.3 | 292 | 4.3% | |
| 0.3 to 0.4 | 431 | 6.3% | |
| 0.4 to 0.5 | 430 | 6.3% | |
| 0.5 to 0.6 | 727 | 10.7% | |
| 0.6 to 0.7 | 726 | 10.7% | |
| 0.7 to 0.8 | 814 | 12.0% | |
| 0.8 to 0.9 | 813 | 12.0% | |
| 0.9 to 1.0 | 89 | 1.3% |
Frequently asked questions
What is the average correlation of BKKT?
Bakkt Holdings, Inc. (BKKT) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is BKKT positively correlated with other stocks?
Mostly yes — 71.9% of pairs are positive and 28.1% are negative. Strong positive correlations (≥0.7) make up 25.2%.
What is the most common correlation range for BKKT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for BKKT.
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