Credicorp LTD (BAP) Correlation Distribution
Across 6,809 rolling correlation observations between Credicorp LTD (BAP) and other NASDAQ-listed stocks, 39.4% are positive and 60.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.055
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.4%
- Strong positive (≥0.7)
- 8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 70 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 472 | 6.9% | |
| -0.6 to -0.5 | 471 | 6.9% | |
| -0.5 to -0.4 | 832 | 12.2% | |
| -0.4 to -0.3 | 831 | 12.2% | |
| -0.3 to -0.2 | 509 | 7.5% | |
| -0.2 to -0.1 | 509 | 7.5% | |
| -0.1 to 0.0 | 360 | 5.3% | |
| 0.0 to 0.1 | 359 | 5.3% | |
| 0.1 to 0.2 | 283 | 4.2% | |
| 0.2 to 0.3 | 282 | 4.1% | |
| 0.3 to 0.4 | 266 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 271 | 4.0% | |
| 0.8 to 0.9 | 271 | 4.0% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of BAP?
Credicorp LTD (BAP) has an average correlation of about -0.055 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BAP positively correlated with other stocks?
Not predominantly — 39.4% of pairs are positive and 60.6% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for BAP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 33.8% of all pairs.
Explore the full interactive correlation distribution for BAP.
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