Banco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value) (BBDO) Correlation Distribution
Across 6,809 rolling correlation observations between Banco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value) (BBDO) and other NASDAQ-listed stocks, 65.9% are positive and 34.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.19, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.19
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.9%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 79 | 1.2% | |
| -0.8 to -0.7 | 79 | 1.2% | |
| -0.7 to -0.6 | 426 | 6.3% | |
| -0.6 to -0.5 | 425 | 6.2% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 289 | 4.2% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 243 | 3.6% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 245 | 3.6% | |
| 0.1 to 0.2 | 289 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 493 | 7.2% | |
| 0.4 to 0.5 | 492 | 7.2% | |
| 0.5 to 0.6 | 987 | 14.5% | |
| 0.6 to 0.7 | 987 | 14.5% | |
| 0.7 to 0.8 | 353 | 5.2% | |
| 0.8 to 0.9 | 352 | 5.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of BBDO?
Banco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value) (BBDO) has an average correlation of about 0.19 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BBDO positively correlated with other stocks?
Mostly yes — 65.9% of pairs are positive and 34.1% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for BBDO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for BBDO.
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