BioLife Solutions Inc. (BLFS) Correlation Distribution
Across 6,809 rolling correlation observations between BioLife Solutions Inc. (BLFS) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 19.6% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.302
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 19.6%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 102 | 1.5% | |
| -0.6 to -0.5 | 102 | 1.5% | |
| -0.5 to -0.4 | 254 | 3.7% | |
| -0.4 to -0.3 | 253 | 3.7% | |
| -0.3 to -0.2 | 388 | 5.7% | |
| -0.2 to -0.1 | 388 | 5.7% | |
| -0.1 to 0.0 | 356 | 5.2% | |
| 0.0 to 0.1 | 356 | 5.2% | |
| 0.1 to 0.2 | 364 | 5.3% | |
| 0.2 to 0.3 | 363 | 5.3% | |
| 0.3 to 0.4 | 474 | 7.0% | |
| 0.4 to 0.5 | 474 | 7.0% | |
| 0.5 to 0.6 | 795 | 11.7% | |
| 0.6 to 0.7 | 795 | 11.7% | |
| 0.7 to 0.8 | 663 | 9.7% | |
| 0.8 to 0.9 | 663 | 9.7% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of BLFS?
BioLife Solutions Inc. (BLFS) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BLFS positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 19.6%.
What is the most common correlation range for BLFS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.5% of all pairs.
Explore the full interactive correlation distribution for BLFS.
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