BACA (BACA) Correlation Distribution
Across 6,293 rolling correlation observations between BACA (BACA) and other NASDAQ-listed stocks, 32% are positive and 68% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.234, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 28%.
- Total observations
- 6,293
- Mean correlation
- -0.234
- Most common range
- -0.9 to -0.8
- Positive pairs
- 32%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 114 | 1.8% | |
| -0.9 to -0.8 | 825 | 13.1% | |
| -0.8 to -0.7 | 825 | 13.1% | |
| -0.7 to -0.6 | 640 | 10.2% | |
| -0.6 to -0.5 | 639 | 10.2% | |
| -0.5 to -0.4 | 336 | 5.3% | |
| -0.4 to -0.3 | 336 | 5.3% | |
| -0.3 to -0.2 | 194 | 3.1% | |
| -0.2 to -0.1 | 194 | 3.1% | |
| -0.1 to 0.0 | 176 | 2.8% | |
| 0.0 to 0.1 | 176 | 2.8% | |
| 0.1 to 0.2 | 175 | 2.8% | |
| 0.2 to 0.3 | 174 | 2.8% | |
| 0.3 to 0.4 | 166 | 2.6% | |
| 0.4 to 0.5 | 165 | 2.6% | |
| 0.5 to 0.6 | 206 | 3.3% | |
| 0.6 to 0.7 | 205 | 3.3% | |
| 0.7 to 0.8 | 298 | 4.7% | |
| 0.8 to 0.9 | 297 | 4.7% | |
| 0.9 to 1.0 | 152 | 2.4% |
Frequently asked questions
What is the average correlation of BACA?
BACA (BACA) has an average correlation of about -0.234 with other NASDAQ stocks, based on 6,293 pairwise observations.
Is BACA positively correlated with other stocks?
Not predominantly — 32% of pairs are positive and 68% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for BACA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for BACA.
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