Banco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares) (BBD) Correlation Distribution
Across 6,809 rolling correlation observations between Banco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares) (BBD) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.184, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.8% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.184
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 6.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 74 | 1.1% | |
| -0.7 to -0.6 | 430 | 6.3% | |
| -0.6 to -0.5 | 429 | 6.3% | |
| -0.5 to -0.4 | 269 | 4.0% | |
| -0.4 to -0.3 | 268 | 3.9% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 243 | 3.6% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 312 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 544 | 8.0% | |
| 0.4 to 0.5 | 543 | 8.0% | |
| 0.5 to 0.6 | 1,059 | 15.6% | |
| 0.6 to 0.7 | 1,059 | 15.6% | |
| 0.7 to 0.8 | 230 | 3.4% | |
| 0.8 to 0.9 | 229 | 3.4% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of BBD?
Banco Bradesco S.A. American Depositary Shares (Each representing one Preferred Shares) (BBD) has an average correlation of about 0.184 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBD positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 6.8%.
What is the most common correlation range for BBD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for BBD.
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