Brown & Brown, Inc. (BRO) Correlation Distribution
Across 6,809 rolling correlation observations between Brown & Brown, Inc. (BRO) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 10.1%.
- Total observations
- 6,809
- Mean correlation
- -0.082
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Insurance Agents, Brokers & Service
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 340 | 5.0% | |
| -0.8 to -0.7 | 339 | 5.0% | |
| -0.7 to -0.6 | 788 | 11.6% | |
| -0.6 to -0.5 | 788 | 11.6% | |
| -0.5 to -0.4 | 506 | 7.4% | |
| -0.4 to -0.3 | 506 | 7.4% | |
| -0.3 to -0.2 | 299 | 4.4% | |
| -0.2 to -0.1 | 299 | 4.4% | |
| -0.1 to 0.0 | 232 | 3.4% | |
| 0.0 to 0.1 | 231 | 3.4% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 256 | 3.8% | |
| 0.6 to 0.7 | 256 | 3.8% | |
| 0.7 to 0.8 | 403 | 5.9% | |
| 0.8 to 0.9 | 402 | 5.9% | |
| 0.9 to 1.0 | 260 | 3.8% |
Frequently asked questions
What is the average correlation of BRO?
Brown & Brown, Inc. (BRO) has an average correlation of about -0.082 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BRO positively correlated with other stocks?
Not predominantly — 39.7% of pairs are positive and 60.3% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for BRO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for BRO.
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