Builders FirstSource, Inc. (BLDR) Correlation Distribution
Across 6,809 rolling correlation observations between Builders FirstSource, Inc. (BLDR) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.133, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,809
- Mean correlation
- -0.133
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 13.2%
- Sector
- Retail-Lumber & Other Building Materials Dealers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 456 | 6.7% | |
| -0.8 to -0.7 | 455 | 6.7% | |
| -0.7 to -0.6 | 876 | 12.9% | |
| -0.6 to -0.5 | 875 | 12.9% | |
| -0.5 to -0.4 | 430 | 6.3% | |
| -0.4 to -0.3 | 430 | 6.3% | |
| -0.3 to -0.2 | 257 | 3.8% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 228 | 3.3% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 217 | 3.2% | |
| 0.4 to 0.5 | 216 | 3.2% | |
| 0.5 to 0.6 | 270 | 4.0% | |
| 0.6 to 0.7 | 270 | 4.0% | |
| 0.7 to 0.8 | 384 | 5.6% | |
| 0.8 to 0.9 | 383 | 5.6% | |
| 0.9 to 1.0 | 135 | 2.0% |
Frequently asked questions
What is the average correlation of BLDR?
Builders FirstSource, Inc. (BLDR) has an average correlation of about -0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BLDR positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for BLDR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for BLDR.
Open interactive dashboard →