Broadstone Net Lease, Inc. (BNL) Correlation Distribution
Across 6,808 rolling correlation observations between Broadstone Net Lease, Inc. (BNL) and other NASDAQ-listed stocks, 72.4% are positive and 27.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,808
- Mean correlation
- 0.302
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.4%
- Strong positive (≥0.7)
- 25.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 154 | 2.3% | |
| -0.6 to -0.5 | 153 | 2.2% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 318 | 4.7% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 347 | 5.1% | |
| 0.3 to 0.4 | 471 | 6.9% | |
| 0.4 to 0.5 | 470 | 6.9% | |
| 0.5 to 0.6 | 653 | 9.6% | |
| 0.6 to 0.7 | 653 | 9.6% | |
| 0.7 to 0.8 | 815 | 12.0% | |
| 0.8 to 0.9 | 815 | 12.0% | |
| 0.9 to 1.0 | 89 | 1.3% |
Frequently asked questions
What is the average correlation of BNL?
Broadstone Net Lease, Inc. (BNL) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BNL positively correlated with other stocks?
Mostly yes — 72.4% of pairs are positive and 27.6% are negative. Strong positive correlations (≥0.7) make up 25.2%.
What is the most common correlation range for BNL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for BNL.
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