Bitcoin Depot Inc. Warrant (BTMWW) Correlation Distribution
Across 5,913 rolling correlation observations between Bitcoin Depot Inc. Warrant (BTMWW) and other NASDAQ-listed stocks, 46.1% are positive and 53.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.007, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 5,913
- Mean correlation
- -0.007
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.1%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 101 | 1.7% | |
| -0.6 to -0.5 | 101 | 1.7% | |
| -0.5 to -0.4 | 591 | 10.0% | |
| -0.4 to -0.3 | 590 | 10.0% | |
| -0.3 to -0.2 | 645 | 10.9% | |
| -0.2 to -0.1 | 644 | 10.9% | |
| -0.1 to 0.0 | 464 | 7.8% | |
| 0.0 to 0.1 | 463 | 7.8% | |
| 0.1 to 0.2 | 429 | 7.3% | |
| 0.2 to 0.3 | 429 | 7.3% | |
| 0.3 to 0.4 | 490 | 8.3% | |
| 0.4 to 0.5 | 490 | 8.3% | |
| 0.5 to 0.6 | 138 | 2.3% | |
| 0.6 to 0.7 | 138 | 2.3% | |
| 0.7 to 0.8 | 71 | 1.2% | |
| 0.8 to 0.9 | 71 | 1.2% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of BTMWW?
Bitcoin Depot Inc. Warrant (BTMWW) has an average correlation of about -0.007 with other NASDAQ stocks, based on 5,913 pairwise observations.
Is BTMWW positively correlated with other stocks?
Not predominantly — 46.1% of pairs are positive and 53.9% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for BTMWW?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52% of all pairs.
Explore the full interactive correlation distribution for BTMWW.
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