Broadway Financial Corp/Del (BYFC) Correlation Distribution
Across 6,808 rolling correlation observations between Broadway Financial Corp/Del (BYFC) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.7% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,808
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 33.7%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 328 | 4.8% | |
| -0.6 to -0.5 | 327 | 4.8% | |
| -0.5 to -0.4 | 267 | 3.9% | |
| -0.4 to -0.3 | 267 | 3.9% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 222 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 228 | 3.3% | |
| 0.2 to 0.3 | 227 | 3.3% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 578 | 8.5% | |
| 0.6 to 0.7 | 577 | 8.5% | |
| 0.7 to 0.8 | 986 | 14.5% | |
| 0.8 to 0.9 | 986 | 14.5% | |
| 0.9 to 1.0 | 322 | 4.7% |
Frequently asked questions
What is the average correlation of BYFC?
Broadway Financial Corp/Del (BYFC) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BYFC positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 33.7%.
What is the most common correlation range for BYFC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for BYFC.
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