BTB (BTB) Correlation Distribution
Across 6,235 rolling correlation observations between BTB (BTB) and other NASDAQ-listed stocks, 43.7% are positive and 56.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.023, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,235
- Mean correlation
- -0.023
- Most common range
- -0.1 to 0.0
- Positive pairs
- 43.7%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 0 | 0.0% | |
| -0.6 to -0.5 | 0 | 0.0% | |
| -0.5 to -0.4 | 42 | 0.7% | |
| -0.4 to -0.3 | 42 | 0.7% | |
| -0.3 to -0.2 | 878 | 14.1% | |
| -0.2 to -0.1 | 878 | 14.1% | |
| -0.1 to 0.0 | 1,671 | 26.8% | |
| 0.0 to 0.1 | 1,670 | 26.8% | |
| 0.1 to 0.2 | 455 | 7.3% | |
| 0.2 to 0.3 | 454 | 7.3% | |
| 0.3 to 0.4 | 69 | 1.1% | |
| 0.4 to 0.5 | 68 | 1.1% | |
| 0.5 to 0.6 | 4 | 0.1% | |
| 0.6 to 0.7 | 4 | 0.1% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BTB?
BTB (BTB) has an average correlation of about -0.023 with other NASDAQ stocks, based on 6,235 pairwise observations.
Is BTB positively correlated with other stocks?
Not predominantly — 43.7% of pairs are positive and 56.3% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for BTB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 96.3% of all pairs.
Explore the full interactive correlation distribution for BTB.
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