Biomea Fusion, Inc. Common Stock (BMEA) Correlation Distribution
Across 6,806 rolling correlation observations between Biomea Fusion, Inc. Common Stock (BMEA) and other NASDAQ-listed stocks, 45.1% are positive and 54.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.037, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,806
- Mean correlation
- -0.037
- Most common range
- -0.1 to 0.0
- Positive pairs
- 45.1%
- Strong positive (≥0.7)
- 1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 171 | 2.5% | |
| -0.6 to -0.5 | 170 | 2.5% | |
| -0.5 to -0.4 | 535 | 7.9% | |
| -0.4 to -0.3 | 534 | 7.8% | |
| -0.3 to -0.2 | 685 | 10.1% | |
| -0.2 to -0.1 | 684 | 10.0% | |
| -0.1 to 0.0 | 928 | 13.6% | |
| 0.0 to 0.1 | 928 | 13.6% | |
| 0.1 to 0.2 | 643 | 9.4% | |
| 0.2 to 0.3 | 642 | 9.4% | |
| 0.3 to 0.4 | 277 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 117 | 1.7% | |
| 0.6 to 0.7 | 116 | 1.7% | |
| 0.7 to 0.8 | 35 | 0.5% | |
| 0.8 to 0.9 | 35 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BMEA?
Biomea Fusion, Inc. Common Stock (BMEA) has an average correlation of about -0.037 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BMEA positively correlated with other stocks?
Not predominantly — 45.1% of pairs are positive and 54.9% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for BMEA?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 66.3% of all pairs.
Explore the full interactive correlation distribution for BMEA.
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