Barnwell Industries, Inc. (BRN) Correlation Distribution
Across 6,809 rolling correlation observations between Barnwell Industries, Inc. (BRN) and other NASDAQ-listed stocks, 61% are positive and 39% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.092, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.092
- Most common range
- -0.1 to 0.0
- Positive pairs
- 61%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 121 | 1.8% | |
| -0.5 to -0.4 | 245 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 538 | 7.9% | |
| -0.2 to -0.1 | 538 | 7.9% | |
| -0.1 to 0.0 | 742 | 10.9% | |
| 0.0 to 0.1 | 742 | 10.9% | |
| 0.1 to 0.2 | 700 | 10.3% | |
| 0.2 to 0.3 | 700 | 10.3% | |
| 0.3 to 0.4 | 612 | 9.0% | |
| 0.4 to 0.5 | 611 | 9.0% | |
| 0.5 to 0.6 | 337 | 4.9% | |
| 0.6 to 0.7 | 337 | 4.9% | |
| 0.7 to 0.8 | 57 | 0.8% | |
| 0.8 to 0.9 | 57 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BRN?
Barnwell Industries, Inc. (BRN) has an average correlation of about 0.092 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BRN positively correlated with other stocks?
Mostly yes — 61% of pairs are positive and 39% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for BRN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 58.2% of all pairs.
Explore the full interactive correlation distribution for BRN.
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