TopBuild Corp. Common Stock (BLD) Correlation Distribution
Across 6,809 rolling correlation observations between TopBuild Corp. Common Stock (BLD) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- -0.031
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 11.4%
- Sector
- Construction - Special Trade Contractors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 103 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 514 | 7.5% | |
| -0.6 to -0.5 | 513 | 7.5% | |
| -0.5 to -0.4 | 775 | 11.4% | |
| -0.4 to -0.3 | 774 | 11.4% | |
| -0.3 to -0.2 | 440 | 6.5% | |
| -0.2 to -0.1 | 439 | 6.4% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 303 | 4.4% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 272 | 4.0% | |
| 0.4 to 0.5 | 271 | 4.0% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 362 | 5.3% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of BLD?
TopBuild Corp. Common Stock (BLD) has an average correlation of about -0.031 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BLD positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for BLD?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.7% of all pairs.
Explore the full interactive correlation distribution for BLD.
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