B. Riley Financial, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001 (RILYL) Correlation Distribution
Across 6,804 rolling correlation observations between B. Riley Financial, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001 (RILYL) and other NASDAQ-listed stocks, 64.7% are positive and 35.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 12.1%.
- Total observations
- 6,804
- Mean correlation
- 0.133
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.7%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 77 | 1.1% | |
| -0.9 to -0.8 | 374 | 5.5% | |
| -0.8 to -0.7 | 373 | 5.5% | |
| -0.7 to -0.6 | 274 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 216 | 3.2% | |
| -0.4 to -0.3 | 216 | 3.2% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 287 | 4.2% | |
| 0.2 to 0.3 | 286 | 4.2% | |
| 0.3 to 0.4 | 641 | 9.4% | |
| 0.4 to 0.5 | 640 | 9.4% | |
| 0.5 to 0.6 | 861 | 12.7% | |
| 0.6 to 0.7 | 860 | 12.6% | |
| 0.7 to 0.8 | 307 | 4.5% | |
| 0.8 to 0.9 | 306 | 4.5% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of RILYL?
B. Riley Financial, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001 (RILYL) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is RILYL positively correlated with other stocks?
Mostly yes — 64.7% of pairs are positive and 35.3% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for RILYL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for RILYL.
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