NEWBURY STREET ACQ CORP (NBST) Correlation Distribution
Across 6,460 rolling correlation observations between NEWBURY STREET ACQ CORP (NBST) and other NASDAQ-listed stocks, 30.2% are positive and 69.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.236, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 22.6%.
- Total observations
- 6,460
- Mean correlation
- -0.236
- Most common range
- -0.7 to -0.6
- Positive pairs
- 30.2%
- Strong positive (≥0.7)
- 12.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 75 | 1.2% | |
| -0.9 to -0.8 | 694 | 10.7% | |
| -0.8 to -0.7 | 693 | 10.7% | |
| -0.7 to -0.6 | 867 | 13.4% | |
| -0.6 to -0.5 | 866 | 13.4% | |
| -0.5 to -0.4 | 360 | 5.6% | |
| -0.4 to -0.3 | 360 | 5.6% | |
| -0.3 to -0.2 | 209 | 3.2% | |
| -0.2 to -0.1 | 209 | 3.2% | |
| -0.1 to 0.0 | 175 | 2.7% | |
| 0.0 to 0.1 | 174 | 2.7% | |
| 0.1 to 0.2 | 152 | 2.4% | |
| 0.2 to 0.3 | 151 | 2.3% | |
| 0.3 to 0.4 | 157 | 2.4% | |
| 0.4 to 0.5 | 157 | 2.4% | |
| 0.5 to 0.6 | 187 | 2.9% | |
| 0.6 to 0.7 | 187 | 2.9% | |
| 0.7 to 0.8 | 292 | 4.5% | |
| 0.8 to 0.9 | 292 | 4.5% | |
| 0.9 to 1.0 | 203 | 3.1% |
Frequently asked questions
What is the average correlation of NBST?
NEWBURY STREET ACQ CORP (NBST) has an average correlation of about -0.236 with other NASDAQ stocks, based on 6,460 pairwise observations.
Is NBST positively correlated with other stocks?
Not predominantly — 30.2% of pairs are positive and 69.8% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for NBST?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for NBST.
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