Black Stone Minerals, L.P. (BSM) Correlation Distribution
Across 6,809 rolling correlation observations between Black Stone Minerals, L.P. (BSM) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.201, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 25.3%.
- Total observations
- 6,809
- Mean correlation
- -0.201
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 4.8%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 92 | 1.4% | |
| -0.9 to -0.8 | 816 | 12.0% | |
| -0.8 to -0.7 | 816 | 12.0% | |
| -0.7 to -0.6 | 514 | 7.5% | |
| -0.6 to -0.5 | 513 | 7.5% | |
| -0.5 to -0.4 | 361 | 5.3% | |
| -0.4 to -0.3 | 360 | 5.3% | |
| -0.3 to -0.2 | 284 | 4.2% | |
| -0.2 to -0.1 | 283 | 4.2% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 272 | 4.0% | |
| 0.1 to 0.2 | 278 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 354 | 5.2% | |
| 0.4 to 0.5 | 354 | 5.2% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 317 | 4.7% | |
| 0.7 to 0.8 | 146 | 2.1% | |
| 0.8 to 0.9 | 146 | 2.1% | |
| 0.9 to 1.0 | 36 | 0.5% |
Frequently asked questions
What is the average correlation of BSM?
Black Stone Minerals, L.P. (BSM) has an average correlation of about -0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BSM positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for BSM?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 24.5% of all pairs.
Explore the full interactive correlation distribution for BSM.
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