BCAN (BCAN) Correlation Distribution
Across 6,665 rolling correlation observations between BCAN (BCAN) and other NASDAQ-listed stocks, 55.8% are positive and 44.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 24.8% and strong negative correlations (≤−0.7) for 15.7%.
- Total observations
- 6,665
- Mean correlation
- 0.087
- Most common range
- 0.7 to 0.8
- Positive pairs
- 55.8%
- Strong positive (≥0.7)
- 24.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 83 | 1.2% | |
| -0.9 to -0.8 | 482 | 7.2% | |
| -0.8 to -0.7 | 481 | 7.2% | |
| -0.7 to -0.6 | 366 | 5.5% | |
| -0.6 to -0.5 | 366 | 5.5% | |
| -0.5 to -0.4 | 256 | 3.8% | |
| -0.4 to -0.3 | 256 | 3.8% | |
| -0.3 to -0.2 | 218 | 3.3% | |
| -0.2 to -0.1 | 218 | 3.3% | |
| -0.1 to 0.0 | 217 | 3.3% | |
| 0.0 to 0.1 | 217 | 3.3% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 287 | 4.3% | |
| 0.4 to 0.5 | 287 | 4.3% | |
| 0.5 to 0.6 | 395 | 5.9% | |
| 0.6 to 0.7 | 395 | 5.9% | |
| 0.7 to 0.8 | 720 | 10.8% | |
| 0.8 to 0.9 | 720 | 10.8% | |
| 0.9 to 1.0 | 215 | 3.2% |
Frequently asked questions
What is the average correlation of BCAN?
BCAN (BCAN) has an average correlation of about 0.087 with other NASDAQ stocks, based on 6,665 pairwise observations.
Is BCAN positively correlated with other stocks?
Mostly yes — 55.8% of pairs are positive and 44.2% are negative. Strong positive correlations (≥0.7) make up 24.8%.
What is the most common correlation range for BCAN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for BCAN.
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