CBL International Limited Ordinary Shares (BANL) Correlation Distribution
Across 6,143 rolling correlation observations between CBL International Limited Ordinary Shares (BANL) and other NASDAQ-listed stocks, 48.7% are positive and 51.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.027, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,143
- Mean correlation
- 0.027
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.7%
- Strong positive (≥0.7)
- 2.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 111 | 1.8% | |
| -0.6 to -0.5 | 111 | 1.8% | |
| -0.5 to -0.4 | 684 | 11.1% | |
| -0.4 to -0.3 | 684 | 11.1% | |
| -0.3 to -0.2 | 576 | 9.4% | |
| -0.2 to -0.1 | 575 | 9.4% | |
| -0.1 to 0.0 | 403 | 6.6% | |
| 0.0 to 0.1 | 402 | 6.5% | |
| 0.1 to 0.2 | 415 | 6.8% | |
| 0.2 to 0.3 | 414 | 6.7% | |
| 0.3 to 0.4 | 437 | 7.1% | |
| 0.4 to 0.5 | 436 | 7.1% | |
| 0.5 to 0.6 | 370 | 6.0% | |
| 0.6 to 0.7 | 369 | 6.0% | |
| 0.7 to 0.8 | 75 | 1.2% | |
| 0.8 to 0.9 | 74 | 1.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BANL?
CBL International Limited Ordinary Shares (BANL) has an average correlation of about 0.027 with other NASDAQ stocks, based on 6,143 pairwise observations.
Is BANL positively correlated with other stocks?
Not predominantly — 48.7% of pairs are positive and 51.3% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for BANL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 45.3% of all pairs.
Explore the full interactive correlation distribution for BANL.
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