Blackrock Health Sciences Trust (BME) Correlation Distribution
Across 6,809 rolling correlation observations between Blackrock Health Sciences Trust (BME) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.296, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.296
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 30.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 328 | 4.8% | |
| -0.6 to -0.5 | 328 | 4.8% | |
| -0.5 to -0.4 | 273 | 4.0% | |
| -0.4 to -0.3 | 273 | 4.0% | |
| -0.3 to -0.2 | 237 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 274 | 4.0% | |
| 0.3 to 0.4 | 346 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 619 | 9.1% | |
| 0.6 to 0.7 | 618 | 9.1% | |
| 0.7 to 0.8 | 1,043 | 15.3% | |
| 0.8 to 0.9 | 1,043 | 15.3% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of BME?
Blackrock Health Sciences Trust (BME) has an average correlation of about 0.296 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BME positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for BME?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for BME.
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