Blue Bird Corporation Common Stock (BLBD) Correlation Distribution
Across 6,809 rolling correlation observations between Blue Bird Corporation Common Stock (BLBD) and other NASDAQ-listed stocks, 45.5% are positive and 54.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.022, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.022
- Most common range
- -0.3 to -0.2
- Positive pairs
- 45.5%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Truck & Bus Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 79 | 1.2% | |
| -0.8 to -0.7 | 79 | 1.2% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 311 | 4.6% | |
| -0.5 to -0.4 | 637 | 9.4% | |
| -0.4 to -0.3 | 636 | 9.3% | |
| -0.3 to -0.2 | 655 | 9.6% | |
| -0.2 to -0.1 | 654 | 9.6% | |
| -0.1 to 0.0 | 352 | 5.2% | |
| 0.0 to 0.1 | 352 | 5.2% | |
| 0.1 to 0.2 | 329 | 4.8% | |
| 0.2 to 0.3 | 328 | 4.8% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 367 | 5.4% | |
| 0.6 to 0.7 | 367 | 5.4% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of BLBD?
Blue Bird Corporation Common Stock (BLBD) has an average correlation of about 0.022 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BLBD positively correlated with other stocks?
Not predominantly — 45.5% of pairs are positive and 54.5% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for BLBD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 39.2% of all pairs.
Explore the full interactive correlation distribution for BLBD.
Open interactive dashboard →