Brera Holdings PLC Class B Ordinary Shares (BREA) Correlation Distribution
Across 6,204 rolling correlation observations between Brera Holdings PLC Class B Ordinary Shares (BREA) and other NASDAQ-listed stocks, 51.6% are positive and 48.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 19% and strong negative correlations (≤−0.7) for 6.2%.
- Total observations
- 6,204
- Mean correlation
- 0.06
- Most common range
- 0.7 to 0.8
- Positive pairs
- 51.6%
- Strong positive (≥0.7)
- 19%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 191 | 3.1% | |
| -0.8 to -0.7 | 190 | 3.1% | |
| -0.7 to -0.6 | 523 | 8.4% | |
| -0.6 to -0.5 | 523 | 8.4% | |
| -0.5 to -0.4 | 377 | 6.1% | |
| -0.4 to -0.3 | 377 | 6.1% | |
| -0.3 to -0.2 | 291 | 4.7% | |
| -0.2 to -0.1 | 290 | 4.7% | |
| -0.1 to 0.0 | 238 | 3.8% | |
| 0.0 to 0.1 | 237 | 3.8% | |
| 0.1 to 0.2 | 246 | 4.0% | |
| 0.2 to 0.3 | 245 | 3.9% | |
| 0.3 to 0.4 | 256 | 4.1% | |
| 0.4 to 0.5 | 256 | 4.1% | |
| 0.5 to 0.6 | 393 | 6.3% | |
| 0.6 to 0.7 | 392 | 6.3% | |
| 0.7 to 0.8 | 567 | 9.1% | |
| 0.8 to 0.9 | 566 | 9.1% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of BREA?
Brera Holdings PLC Class B Ordinary Shares (BREA) has an average correlation of about 0.06 with other NASDAQ stocks, based on 6,204 pairwise observations.
Is BREA positively correlated with other stocks?
Mostly yes — 51.6% of pairs are positive and 48.4% are negative. Strong positive correlations (≥0.7) make up 19%.
What is the most common correlation range for BREA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for BREA.
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