BIOMERICA INC (BMRA) Correlation Distribution
Across 6,809 rolling correlation observations between BIOMERICA INC (BMRA) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.175, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.2% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,809
- Mean correlation
- 0.175
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 27.2%
- Sector
- In Vitro & In Vivo Diagnostic Substances
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 95 | 1.4% | |
| -0.9 to -0.8 | 413 | 6.1% | |
| -0.8 to -0.7 | 413 | 6.1% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 207 | 3.0% | |
| -0.4 to -0.3 | 206 | 3.0% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 292 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 605 | 8.9% | |
| 0.6 to 0.7 | 605 | 8.9% | |
| 0.7 to 0.8 | 872 | 12.8% | |
| 0.8 to 0.9 | 872 | 12.8% | |
| 0.9 to 1.0 | 105 | 1.5% |
Frequently asked questions
What is the average correlation of BMRA?
BIOMERICA INC (BMRA) has an average correlation of about 0.175 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BMRA positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 27.2%.
What is the most common correlation range for BMRA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.2% of all pairs.
Explore the full interactive correlation distribution for BMRA.
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