Borr Drilling Limited (BORR) Correlation Distribution
Across 6,809 rolling correlation observations between Borr Drilling Limited (BORR) and other NASDAQ-listed stocks, 32.8% are positive and 67.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.211, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 13.9%.
- Total observations
- 6,809
- Mean correlation
- -0.211
- Most common range
- -0.7 to -0.6
- Positive pairs
- 32.8%
- Strong positive (≥0.7)
- 3.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 471 | 6.9% | |
| -0.8 to -0.7 | 470 | 6.9% | |
| -0.7 to -0.6 | 823 | 12.1% | |
| -0.6 to -0.5 | 822 | 12.1% | |
| -0.5 to -0.4 | 494 | 7.3% | |
| -0.4 to -0.3 | 493 | 7.2% | |
| -0.3 to -0.2 | 343 | 5.0% | |
| -0.2 to -0.1 | 342 | 5.0% | |
| -0.1 to 0.0 | 307 | 4.5% | |
| 0.0 to 0.1 | 307 | 4.5% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 304 | 4.5% | |
| 0.4 to 0.5 | 303 | 4.4% | |
| 0.5 to 0.6 | 222 | 3.3% | |
| 0.6 to 0.7 | 222 | 3.3% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of BORR?
Borr Drilling Limited (BORR) has an average correlation of about -0.211 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BORR positively correlated with other stocks?
Not predominantly — 32.8% of pairs are positive and 67.2% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for BORR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.1% of all pairs.
Explore the full interactive correlation distribution for BORR.
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