Bandwidth Inc. Class A Common Stock (BAND) Correlation Distribution
Across 6,809 rolling correlation observations between Bandwidth Inc. Class A Common Stock (BAND) and other NASDAQ-listed stocks, 64.4% are positive and 35.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.4% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.4%
- Strong positive (≥0.7)
- 31.4%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 39 | 0.6% | |
| -0.9 to -0.8 | 161 | 2.4% | |
| -0.8 to -0.7 | 160 | 2.3% | |
| -0.7 to -0.6 | 317 | 4.7% | |
| -0.6 to -0.5 | 317 | 4.7% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 321 | 4.7% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 283 | 4.2% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 292 | 4.3% | |
| 0.5 to 0.6 | 418 | 6.1% | |
| 0.6 to 0.7 | 418 | 6.1% | |
| 0.7 to 0.8 | 720 | 10.6% | |
| 0.8 to 0.9 | 720 | 10.6% | |
| 0.9 to 1.0 | 698 | 10.3% |
Frequently asked questions
What is the average correlation of BAND?
Bandwidth Inc. Class A Common Stock (BAND) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BAND positively correlated with other stocks?
Mostly yes — 64.4% of pairs are positive and 35.6% are negative. Strong positive correlations (≥0.7) make up 31.4%.
What is the most common correlation range for BAND?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for BAND.
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