BioMarin Pharmaceuticals Inc (BMRN) Correlation Distribution
Across 6,809 rolling correlation observations between BioMarin Pharmaceuticals Inc (BMRN) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.9% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- -0.095
- Most common range
- -0.1 to 0.0
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 0.9%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 41 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 323 | 4.7% | |
| -0.6 to -0.5 | 322 | 4.7% | |
| -0.5 to -0.4 | 617 | 9.1% | |
| -0.4 to -0.3 | 616 | 9.0% | |
| -0.3 to -0.2 | 650 | 9.5% | |
| -0.2 to -0.1 | 649 | 9.5% | |
| -0.1 to 0.0 | 894 | 13.1% | |
| 0.0 to 0.1 | 893 | 13.1% | |
| 0.1 to 0.2 | 522 | 7.7% | |
| 0.2 to 0.3 | 522 | 7.7% | |
| 0.3 to 0.4 | 228 | 3.3% | |
| 0.4 to 0.5 | 228 | 3.3% | |
| 0.5 to 0.6 | 101 | 1.5% | |
| 0.6 to 0.7 | 100 | 1.5% | |
| 0.7 to 0.8 | 29 | 0.4% | |
| 0.8 to 0.9 | 29 | 0.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BMRN?
BioMarin Pharmaceuticals Inc (BMRN) has an average correlation of about -0.095 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BMRN positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 0.9%.
What is the most common correlation range for BMRN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 60.7% of all pairs.
Explore the full interactive correlation distribution for BMRN.
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