Banco BBVA Argentina S.A. (BBAR) Correlation Distribution
Across 6,809 rolling correlation observations between Banco BBVA Argentina S.A. (BBAR) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.062, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.062
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 145 | 2.1% | |
| -0.8 to -0.7 | 144 | 2.1% | |
| -0.7 to -0.6 | 568 | 8.3% | |
| -0.6 to -0.5 | 568 | 8.3% | |
| -0.5 to -0.4 | 884 | 13.0% | |
| -0.4 to -0.3 | 884 | 13.0% | |
| -0.3 to -0.2 | 385 | 5.7% | |
| -0.2 to -0.1 | 384 | 5.6% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 227 | 3.3% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 221 | 3.2% | |
| 0.5 to 0.6 | 269 | 4.0% | |
| 0.6 to 0.7 | 268 | 3.9% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 396 | 5.8% | |
| 0.9 to 1.0 | 138 | 2.0% |
Frequently asked questions
What is the average correlation of BBAR?
Banco BBVA Argentina S.A. (BBAR) has an average correlation of about -0.062 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBAR positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for BBAR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for BBAR.
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