Blade Air Mobility, Inc. Class A Common Stock (BLDE) Correlation Distribution
Across 6,806 rolling correlation observations between Blade Air Mobility, Inc. Class A Common Stock (BLDE) and other NASDAQ-listed stocks, 72.6% are positive and 27.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.352, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.4% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,806
- Mean correlation
- 0.352
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.6%
- Strong positive (≥0.7)
- 41.4%
- Sector
- Air Transportation, Nonscheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 97 | 1.4% | |
| -0.8 to -0.7 | 97 | 1.4% | |
| -0.7 to -0.6 | 267 | 3.9% | |
| -0.6 to -0.5 | 266 | 3.9% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 230 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 227 | 3.3% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 312 | 4.6% | |
| 0.5 to 0.6 | 410 | 6.0% | |
| 0.6 to 0.7 | 410 | 6.0% | |
| 0.7 to 0.8 | 1,194 | 17.5% | |
| 0.8 to 0.9 | 1,193 | 17.5% | |
| 0.9 to 1.0 | 428 | 6.3% |
Frequently asked questions
What is the average correlation of BLDE?
Blade Air Mobility, Inc. Class A Common Stock (BLDE) has an average correlation of about 0.352 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BLDE positively correlated with other stocks?
Mostly yes — 72.6% of pairs are positive and 27.4% are negative. Strong positive correlations (≥0.7) make up 41.4%.
What is the most common correlation range for BLDE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for BLDE.
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