BuzzFeed, Inc. Class A Common Stock (BZFD) Correlation Distribution
Across 6,791 rolling correlation observations between BuzzFeed, Inc. Class A Common Stock (BZFD) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.3% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,791
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 33.3%
- Sector
- Communications Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 71 | 1.0% | |
| -0.8 to -0.7 | 70 | 1.0% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 337 | 5.0% | |
| -0.4 to -0.3 | 337 | 5.0% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 248 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.7% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 339 | 5.0% | |
| 0.4 to 0.5 | 339 | 5.0% | |
| 0.5 to 0.6 | 493 | 7.3% | |
| 0.6 to 0.7 | 493 | 7.3% | |
| 0.7 to 0.8 | 928 | 13.7% | |
| 0.8 to 0.9 | 927 | 13.7% | |
| 0.9 to 1.0 | 404 | 5.9% |
Frequently asked questions
What is the average correlation of BZFD?
BuzzFeed, Inc. Class A Common Stock (BZFD) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is BZFD positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 33.3%.
What is the most common correlation range for BZFD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for BZFD.
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