BNRE (BNRE) Correlation Distribution
Across 6,233 rolling correlation observations between BNRE (BNRE) and other NASDAQ-listed stocks, 54.9% are positive and 45.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.115, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.4% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,233
- Mean correlation
- 0.115
- Most common range
- 0.7 to 0.8
- Positive pairs
- 54.9%
- Strong positive (≥0.7)
- 24.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 184 | 3.0% | |
| -0.8 to -0.7 | 184 | 3.0% | |
| -0.7 to -0.6 | 488 | 7.8% | |
| -0.6 to -0.5 | 487 | 7.8% | |
| -0.5 to -0.4 | 371 | 6.0% | |
| -0.4 to -0.3 | 371 | 6.0% | |
| -0.3 to -0.2 | 257 | 4.1% | |
| -0.2 to -0.1 | 256 | 4.1% | |
| -0.1 to 0.0 | 210 | 3.4% | |
| 0.0 to 0.1 | 210 | 3.4% | |
| 0.1 to 0.2 | 207 | 3.3% | |
| 0.2 to 0.3 | 207 | 3.3% | |
| 0.3 to 0.4 | 263 | 4.2% | |
| 0.4 to 0.5 | 263 | 4.2% | |
| 0.5 to 0.6 | 378 | 6.1% | |
| 0.6 to 0.7 | 377 | 6.0% | |
| 0.7 to 0.8 | 657 | 10.5% | |
| 0.8 to 0.9 | 657 | 10.5% | |
| 0.9 to 1.0 | 206 | 3.3% |
Frequently asked questions
What is the average correlation of BNRE?
BNRE (BNRE) has an average correlation of about 0.115 with other NASDAQ stocks, based on 6,233 pairwise observations.
Is BNRE positively correlated with other stocks?
Mostly yes — 54.9% of pairs are positive and 45.1% are negative. Strong positive correlations (≥0.7) make up 24.4%.
What is the most common correlation range for BNRE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for BNRE.
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