Brookline Bancorp Inc (BRKL) Correlation Distribution
Across 6,809 rolling correlation observations between Brookline Bancorp Inc (BRKL) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- 0.284
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 15.5%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 71 | 1.0% | |
| -0.8 to -0.7 | 70 | 1.0% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 97 | 1.4% | |
| -0.5 to -0.4 | 282 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 315 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 385 | 5.7% | |
| 0.2 to 0.3 | 384 | 5.6% | |
| 0.3 to 0.4 | 548 | 8.0% | |
| 0.4 to 0.5 | 548 | 8.0% | |
| 0.5 to 0.6 | 891 | 13.1% | |
| 0.6 to 0.7 | 890 | 13.1% | |
| 0.7 to 0.8 | 506 | 7.4% | |
| 0.8 to 0.9 | 506 | 7.4% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of BRKL?
Brookline Bancorp Inc (BRKL) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BRKL positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 15.5%.
What is the most common correlation range for BRKL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for BRKL.
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