Biote Corp. Class A Common Stock (BTMD) Correlation Distribution
Across 6,686 rolling correlation observations between Biote Corp. Class A Common Stock (BTMD) and other NASDAQ-listed stocks, 48.1% are positive and 51.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,686
- Mean correlation
- -0.006
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.1%
- Strong positive (≥0.7)
- 0.5%
- Sector
- Medicinal Chemicals & Botanical Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 139 | 2.1% | |
| -0.6 to -0.5 | 138 | 2.1% | |
| -0.5 to -0.4 | 575 | 8.6% | |
| -0.4 to -0.3 | 575 | 8.6% | |
| -0.3 to -0.2 | 684 | 10.2% | |
| -0.2 to -0.1 | 683 | 10.2% | |
| -0.1 to 0.0 | 668 | 10.0% | |
| 0.0 to 0.1 | 667 | 10.0% | |
| 0.1 to 0.2 | 625 | 9.3% | |
| 0.2 to 0.3 | 624 | 9.3% | |
| 0.3 to 0.4 | 425 | 6.4% | |
| 0.4 to 0.5 | 425 | 6.4% | |
| 0.5 to 0.6 | 208 | 3.1% | |
| 0.6 to 0.7 | 208 | 3.1% | |
| 0.7 to 0.8 | 16 | 0.2% | |
| 0.8 to 0.9 | 16 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BTMD?
Biote Corp. Class A Common Stock (BTMD) has an average correlation of about -0.006 with other NASDAQ stocks, based on 6,686 pairwise observations.
Is BTMD positively correlated with other stocks?
Not predominantly — 48.1% of pairs are positive and 51.9% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for BTMD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 59.1% of all pairs.
Explore the full interactive correlation distribution for BTMD.
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