Bio-Techne Corp. (TECH) Correlation Distribution
Across 6,809 rolling correlation observations between Bio-Techne Corp. (TECH) and other NASDAQ-listed stocks, 74% are positive and 26% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.2% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.309
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74%
- Strong positive (≥0.7)
- 22.2%
- Sector
- Biological Products, (No Disgnostic Substances)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 144 | 2.1% | |
| -0.6 to -0.5 | 143 | 2.1% | |
| -0.5 to -0.4 | 298 | 4.4% | |
| -0.4 to -0.3 | 297 | 4.4% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 365 | 5.4% | |
| 0.2 to 0.3 | 365 | 5.4% | |
| 0.3 to 0.4 | 519 | 7.6% | |
| 0.4 to 0.5 | 519 | 7.6% | |
| 0.5 to 0.6 | 744 | 10.9% | |
| 0.6 to 0.7 | 743 | 10.9% | |
| 0.7 to 0.8 | 731 | 10.7% | |
| 0.8 to 0.9 | 731 | 10.7% | |
| 0.9 to 1.0 | 49 | 0.7% |
Frequently asked questions
What is the average correlation of TECH?
Bio-Techne Corp. (TECH) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TECH positively correlated with other stocks?
Mostly yes — 74% of pairs are positive and 26% are negative. Strong positive correlations (≥0.7) make up 22.2%.
What is the most common correlation range for TECH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for TECH.
Open interactive dashboard →