Bridgford Foods Corp (BRID) Correlation Distribution
Across 6,784 rolling correlation observations between Bridgford Foods Corp (BRID) and other NASDAQ-listed stocks, 58.9% are positive and 41.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.084, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.3% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,784
- Mean correlation
- 0.084
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.9%
- Strong positive (≥0.7)
- 11.3%
- Sector
- Sausages & Other Prepared Meat Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 379 | 5.6% | |
| -0.8 to -0.7 | 378 | 5.6% | |
| -0.7 to -0.6 | 375 | 5.5% | |
| -0.6 to -0.5 | 374 | 5.5% | |
| -0.5 to -0.4 | 260 | 3.8% | |
| -0.4 to -0.3 | 260 | 3.8% | |
| -0.3 to -0.2 | 255 | 3.8% | |
| -0.2 to -0.1 | 254 | 3.7% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 345 | 5.1% | |
| 0.2 to 0.3 | 345 | 5.1% | |
| 0.3 to 0.4 | 469 | 6.9% | |
| 0.4 to 0.5 | 469 | 6.9% | |
| 0.5 to 0.6 | 679 | 10.0% | |
| 0.6 to 0.7 | 678 | 10.0% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 382 | 5.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BRID?
Bridgford Foods Corp (BRID) has an average correlation of about 0.084 with other NASDAQ stocks, based on 6,784 pairwise observations.
Is BRID positively correlated with other stocks?
Mostly yes — 58.9% of pairs are positive and 41.1% are negative. Strong positive correlations (≥0.7) make up 11.3%.
What is the most common correlation range for BRID?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for BRID.
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