BRF - Brasil Foods S.A. (BRFS) Correlation Distribution
Across 6,809 rolling correlation observations between BRF - Brasil Foods S.A. (BRFS) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 8.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 147 | 2.2% | |
| -0.6 to -0.5 | 146 | 2.1% | |
| -0.5 to -0.4 | 187 | 2.7% | |
| -0.4 to -0.3 | 187 | 2.7% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 403 | 5.9% | |
| 0.0 to 0.1 | 403 | 5.9% | |
| 0.1 to 0.2 | 549 | 8.1% | |
| 0.2 to 0.3 | 548 | 8.0% | |
| 0.3 to 0.4 | 744 | 10.9% | |
| 0.4 to 0.5 | 743 | 10.9% | |
| 0.5 to 0.6 | 745 | 10.9% | |
| 0.6 to 0.7 | 744 | 10.9% | |
| 0.7 to 0.8 | 283 | 4.2% | |
| 0.8 to 0.9 | 283 | 4.2% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of BRFS?
BRF - Brasil Foods S.A. (BRFS) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BRFS positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for BRFS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for BRFS.
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