Beazer Homes USA, Inc. New (BZH) Correlation Distribution
Across 6,809 rolling correlation observations between Beazer Homes USA, Inc. New (BZH) and other NASDAQ-listed stocks, 42.7% are positive and 57.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.008, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.3% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- -0.008
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.7%
- Strong positive (≥0.7)
- 8.3%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 65 | 1.0% | |
| -0.7 to -0.6 | 310 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 781 | 11.5% | |
| -0.4 to -0.3 | 780 | 11.5% | |
| -0.3 to -0.2 | 618 | 9.1% | |
| -0.2 to -0.1 | 617 | 9.1% | |
| -0.1 to 0.0 | 354 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 311 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 397 | 5.8% | |
| 0.6 to 0.7 | 396 | 5.8% | |
| 0.7 to 0.8 | 272 | 4.0% | |
| 0.8 to 0.9 | 272 | 4.0% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of BZH?
Beazer Homes USA, Inc. New (BZH) has an average correlation of about -0.008 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BZH positively correlated with other stocks?
Not predominantly — 42.7% of pairs are positive and 57.3% are negative. Strong positive correlations (≥0.7) make up 8.3%.
What is the most common correlation range for BZH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 37% of all pairs.
Explore the full interactive correlation distribution for BZH.
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