Blue Foundry Bancorp Common Stock (BLFY) Correlation Distribution
Across 6,804 rolling correlation observations between Blue Foundry Bancorp Common Stock (BLFY) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,804
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 30.8%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 130 | 1.9% | |
| -0.8 to -0.7 | 129 | 1.9% | |
| -0.7 to -0.6 | 269 | 4.0% | |
| -0.6 to -0.5 | 269 | 4.0% | |
| -0.5 to -0.4 | 255 | 3.7% | |
| -0.4 to -0.3 | 255 | 3.7% | |
| -0.3 to -0.2 | 227 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 264 | 3.9% | |
| 0.3 to 0.4 | 307 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 679 | 10.0% | |
| 0.6 to 0.7 | 678 | 10.0% | |
| 0.7 to 0.8 | 1,017 | 14.9% | |
| 0.8 to 0.9 | 1,017 | 14.9% | |
| 0.9 to 1.0 | 60 | 0.9% |
Frequently asked questions
What is the average correlation of BLFY?
Blue Foundry Bancorp Common Stock (BLFY) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is BLFY positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for BLFY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for BLFY.
Open interactive dashboard →