B. Riley Financial, Inc. Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock (RILYP) Correlation Distribution
Across 6,808 rolling correlation observations between B. Riley Financial, Inc. Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock (RILYP) and other NASDAQ-listed stocks, 65.8% are positive and 34.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.175, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 11.4%.
- Total observations
- 6,808
- Mean correlation
- 0.175
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.8%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Investment Advice
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 58 | 0.9% | |
| -0.9 to -0.8 | 358 | 5.3% | |
| -0.8 to -0.7 | 358 | 5.3% | |
| -0.7 to -0.6 | 273 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 218 | 3.2% | |
| -0.4 to -0.3 | 218 | 3.2% | |
| -0.3 to -0.2 | 184 | 2.7% | |
| -0.2 to -0.1 | 184 | 2.7% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 258 | 3.8% | |
| 0.2 to 0.3 | 258 | 3.8% | |
| 0.3 to 0.4 | 424 | 6.2% | |
| 0.4 to 0.5 | 423 | 6.2% | |
| 0.5 to 0.6 | 939 | 13.8% | |
| 0.6 to 0.7 | 938 | 13.8% | |
| 0.7 to 0.8 | 508 | 7.5% | |
| 0.8 to 0.9 | 508 | 7.5% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of RILYP?
B. Riley Financial, Inc. Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock (RILYP) has an average correlation of about 0.175 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is RILYP positively correlated with other stocks?
Mostly yes — 65.8% of pairs are positive and 34.2% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for RILYP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for RILYP.
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