Bath & Body Works, Inc. (BBWI) Correlation Distribution
Across 6,804 rolling correlation observations between Bath & Body Works, Inc. (BBWI) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,804
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 30.8%
- Sector
- Retail-Retail Stores, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 117 | 1.7% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 341 | 5.0% | |
| -0.2 to -0.1 | 341 | 5.0% | |
| -0.1 to 0.0 | 312 | 4.6% | |
| 0.0 to 0.1 | 312 | 4.6% | |
| 0.1 to 0.2 | 311 | 4.6% | |
| 0.2 to 0.3 | 310 | 4.6% | |
| 0.3 to 0.4 | 373 | 5.5% | |
| 0.4 to 0.5 | 373 | 5.5% | |
| 0.5 to 0.6 | 568 | 8.3% | |
| 0.6 to 0.7 | 568 | 8.3% | |
| 0.7 to 0.8 | 1,026 | 15.1% | |
| 0.8 to 0.9 | 1,026 | 15.1% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of BBWI?
Bath & Body Works, Inc. (BBWI) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is BBWI positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for BBWI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.3% of all pairs.
Explore the full interactive correlation distribution for BBWI.
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