BT Brands, Inc. Common Stock (BTBD) Correlation Distribution
Across 6,734 rolling correlation observations between BT Brands, Inc. Common Stock (BTBD) and other NASDAQ-listed stocks, 65.8% are positive and 34.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.204, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,734
- Mean correlation
- 0.204
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.8%
- Strong positive (≥0.7)
- 15%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.8% | |
| -0.7 to -0.6 | 416 | 6.2% | |
| -0.6 to -0.5 | 415 | 6.2% | |
| -0.5 to -0.4 | 285 | 4.2% | |
| -0.4 to -0.3 | 285 | 4.2% | |
| -0.3 to -0.2 | 282 | 4.2% | |
| -0.2 to -0.1 | 282 | 4.2% | |
| -0.1 to 0.0 | 233 | 3.5% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 302 | 4.5% | |
| 0.2 to 0.3 | 301 | 4.5% | |
| 0.3 to 0.4 | 470 | 7.0% | |
| 0.4 to 0.5 | 470 | 7.0% | |
| 0.5 to 0.6 | 823 | 12.2% | |
| 0.6 to 0.7 | 822 | 12.2% | |
| 0.7 to 0.8 | 507 | 7.5% | |
| 0.8 to 0.9 | 506 | 7.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BTBD?
BT Brands, Inc. Common Stock (BTBD) has an average correlation of about 0.204 with other NASDAQ stocks, based on 6,734 pairwise observations.
Is BTBD positively correlated with other stocks?
Mostly yes — 65.8% of pairs are positive and 34.2% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for BTBD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for BTBD.
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