Burford Capital Limited (BUR) Correlation Distribution
Across 6,808 rolling correlation observations between Burford Capital Limited (BUR) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.081, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.8% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,808
- Mean correlation
- -0.081
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 5.8%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 101 | 1.5% | |
| -0.8 to -0.7 | 100 | 1.5% | |
| -0.7 to -0.6 | 495 | 7.3% | |
| -0.6 to -0.5 | 495 | 7.3% | |
| -0.5 to -0.4 | 842 | 12.4% | |
| -0.4 to -0.3 | 842 | 12.4% | |
| -0.3 to -0.2 | 535 | 7.9% | |
| -0.2 to -0.1 | 535 | 7.9% | |
| -0.1 to 0.0 | 325 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 366 | 5.4% | |
| 0.6 to 0.7 | 365 | 5.4% | |
| 0.7 to 0.8 | 197 | 2.9% | |
| 0.8 to 0.9 | 196 | 2.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BUR?
Burford Capital Limited (BUR) has an average correlation of about -0.081 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BUR positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 5.8%.
What is the most common correlation range for BUR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.6% of all pairs.
Explore the full interactive correlation distribution for BUR.
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