Bitdeer Technologies Group Class A Ordinary Shares (BTDR) Correlation Distribution
Across 6,087 rolling correlation observations between Bitdeer Technologies Group Class A Ordinary Shares (BTDR) and other NASDAQ-listed stocks, 57.4% are positive and 42.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,087
- Mean correlation
- 0.1
- Most common range
- -0.3 to -0.2
- Positive pairs
- 57.4%
- Strong positive (≥0.7)
- 1.1%
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 | 45 | 0.7% | |
| -0.6 to -0.5 | 45 | 0.7% | |
| -0.5 to -0.4 | 392 | 6.4% | |
| -0.4 to -0.3 | 392 | 6.4% | |
| -0.3 to -0.2 | 641 | 10.5% | |
| -0.2 to -0.1 | 641 | 10.5% | |
| -0.1 to 0.0 | 440 | 7.2% | |
| 0.0 to 0.1 | 439 | 7.2% | |
| 0.1 to 0.2 | 471 | 7.7% | |
| 0.2 to 0.3 | 470 | 7.7% | |
| 0.3 to 0.4 | 582 | 9.6% | |
| 0.4 to 0.5 | 582 | 9.6% | |
| 0.5 to 0.6 | 442 | 7.3% | |
| 0.6 to 0.7 | 441 | 7.2% | |
| 0.7 to 0.8 | 32 | 0.5% | |
| 0.8 to 0.9 | 32 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BTDR?
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,087 pairwise observations.
Is BTDR positively correlated with other stocks?
Mostly yes — 57.4% of pairs are positive and 42.6% are negative. Strong positive correlations (≥0.7) make up 1.1%.
What is the most common correlation range for BTDR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 51% of all pairs.
Explore the full interactive correlation distribution for BTDR.
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