Bitcoin Depot Inc. Class A Common Stock (BTM) Correlation Distribution
Across 5,942 rolling correlation observations between Bitcoin Depot Inc. Class A Common Stock (BTM) and other NASDAQ-listed stocks, 47% are positive and 53% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 5,942
- Mean correlation
- 0.009
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47%
- Strong positive (≥0.7)
- 2.9%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.5% | |
| -0.8 to -0.7 | 27 | 0.5% | |
| -0.7 to -0.6 | 87 | 1.5% | |
| -0.6 to -0.5 | 87 | 1.5% | |
| -0.5 to -0.4 | 629 | 10.6% | |
| -0.4 to -0.3 | 628 | 10.6% | |
| -0.3 to -0.2 | 628 | 10.6% | |
| -0.2 to -0.1 | 627 | 10.6% | |
| -0.1 to 0.0 | 410 | 6.9% | |
| 0.0 to 0.1 | 409 | 6.9% | |
| 0.1 to 0.2 | 384 | 6.5% | |
| 0.2 to 0.3 | 383 | 6.4% | |
| 0.3 to 0.4 | 507 | 8.5% | |
| 0.4 to 0.5 | 506 | 8.5% | |
| 0.5 to 0.6 | 216 | 3.6% | |
| 0.6 to 0.7 | 215 | 3.6% | |
| 0.7 to 0.8 | 83 | 1.4% | |
| 0.8 to 0.9 | 83 | 1.4% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of BTM?
Bitcoin Depot Inc. Class A Common Stock (BTM) has an average correlation of about 0.009 with other NASDAQ stocks, based on 5,942 pairwise observations.
Is BTM positively correlated with other stocks?
Not predominantly — 47% of pairs are positive and 53% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for BTM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 47.8% of all pairs.
Explore the full interactive correlation distribution for BTM.
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