BlueLinx Holdings Inc. (BXC) Correlation Distribution
Across 6,809 rolling correlation observations between BlueLinx Holdings Inc. (BXC) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.095, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 11.5%.
- Total observations
- 6,809
- Mean correlation
- -0.095
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 10%
- Sector
- Wholesale-Lumber, Plywood, Millwork & Wood Panels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 393 | 5.8% | |
| -0.8 to -0.7 | 392 | 5.8% | |
| -0.7 to -0.6 | 673 | 9.9% | |
| -0.6 to -0.5 | 672 | 9.9% | |
| -0.5 to -0.4 | 490 | 7.2% | |
| -0.4 to -0.3 | 490 | 7.2% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 373 | 5.5% | |
| 0.6 to 0.7 | 373 | 5.5% | |
| 0.7 to 0.8 | 333 | 4.9% | |
| 0.8 to 0.9 | 332 | 4.9% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of BXC?
BlueLinx Holdings Inc. (BXC) has an average correlation of about -0.095 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BXC positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for BXC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for BXC.
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