Braskem S.A. American Depositary Shares (Each representing Two Class A Preferred Shares) (BAK) Correlation Distribution
Across 6,809 rolling correlation observations between Braskem S.A. American Depositary Shares (Each representing Two Class A Preferred Shares) (BAK) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.272
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 23.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 108 | 1.6% | |
| -0.7 to -0.6 | 249 | 3.7% | |
| -0.6 to -0.5 | 249 | 3.7% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 275 | 4.0% | |
| -0.3 to -0.2 | 228 | 3.3% | |
| -0.2 to -0.1 | 227 | 3.3% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 329 | 4.8% | |
| 0.2 to 0.3 | 328 | 4.8% | |
| 0.3 to 0.4 | 450 | 6.6% | |
| 0.4 to 0.5 | 449 | 6.6% | |
| 0.5 to 0.6 | 719 | 10.6% | |
| 0.6 to 0.7 | 719 | 10.6% | |
| 0.7 to 0.8 | 749 | 11.0% | |
| 0.8 to 0.9 | 749 | 11.0% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of BAK?
Braskem S.A. American Depositary Shares (Each representing Two Class A Preferred Shares) (BAK) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BAK positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for BAK?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for BAK.
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