Badger Meter, Inc. (BMI) Correlation Distribution
Across 6,809 rolling correlation observations between Badger Meter, Inc. (BMI) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,809
- Mean correlation
- -0.095
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 16.9%
- Sector
- Totalizing Fluid Meters & Counting Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 377 | 5.5% | |
| -0.8 to -0.7 | 376 | 5.5% | |
| -0.7 to -0.6 | 834 | 12.2% | |
| -0.6 to -0.5 | 833 | 12.2% | |
| -0.5 to -0.4 | 522 | 7.7% | |
| -0.4 to -0.3 | 521 | 7.7% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 187 | 2.7% | |
| 0.3 to 0.4 | 201 | 3.0% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 234 | 3.4% | |
| 0.6 to 0.7 | 234 | 3.4% | |
| 0.7 to 0.8 | 390 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 371 | 5.4% |
Frequently asked questions
What is the average correlation of BMI?
Badger Meter, Inc. (BMI) has an average correlation of about -0.095 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BMI positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for BMI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for BMI.
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