Byrna Technologies, Inc. Common Stock (BYRN) Correlation Distribution
Across 6,806 rolling correlation observations between Byrna Technologies, Inc. Common Stock (BYRN) and other NASDAQ-listed stocks, 73.4% are positive and 26.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.233, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,806
- Mean correlation
- 0.233
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.4%
- Strong positive (≥0.7)
- 10.4%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 155 | 2.3% | |
| -0.6 to -0.5 | 155 | 2.3% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 211 | 3.1% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 301 | 4.4% | |
| -0.1 to 0.0 | 380 | 5.6% | |
| 0.0 to 0.1 | 380 | 5.6% | |
| 0.1 to 0.2 | 569 | 8.4% | |
| 0.2 to 0.3 | 569 | 8.4% | |
| 0.3 to 0.4 | 820 | 12.0% | |
| 0.4 to 0.5 | 820 | 12.0% | |
| 0.5 to 0.6 | 563 | 8.3% | |
| 0.6 to 0.7 | 562 | 8.3% | |
| 0.7 to 0.8 | 319 | 4.7% | |
| 0.8 to 0.9 | 319 | 4.7% | |
| 0.9 to 1.0 | 73 | 1.1% |
Frequently asked questions
What is the average correlation of BYRN?
Byrna Technologies, Inc. Common Stock (BYRN) has an average correlation of about 0.233 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BYRN positively correlated with other stocks?
Mostly yes — 73.4% of pairs are positive and 26.6% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for BYRN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.7% of all pairs.
Explore the full interactive correlation distribution for BYRN.
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