Bank of America Corporation (BAC) Correlation Distribution
Across 6,809 rolling correlation observations between Bank of America Corporation (BAC) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.229
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 9.4%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 99 | 1.5% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 160 | 2.3% | |
| -0.4 to -0.3 | 159 | 2.3% | |
| -0.3 to -0.2 | 337 | 4.9% | |
| -0.2 to -0.1 | 336 | 4.9% | |
| -0.1 to 0.0 | 515 | 7.6% | |
| 0.0 to 0.1 | 514 | 7.5% | |
| 0.1 to 0.2 | 680 | 10.0% | |
| 0.2 to 0.3 | 680 | 10.0% | |
| 0.3 to 0.4 | 713 | 10.5% | |
| 0.4 to 0.5 | 713 | 10.5% | |
| 0.5 to 0.6 | 540 | 7.9% | |
| 0.6 to 0.7 | 539 | 7.9% | |
| 0.7 to 0.8 | 307 | 4.5% | |
| 0.8 to 0.9 | 307 | 4.5% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of BAC?
Bank of America Corporation (BAC) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BAC positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for BAC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 45% of all pairs.
Explore the full interactive correlation distribution for BAC.
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