Boise Cascade Company (BCC) Correlation Distribution
Across 6,809 rolling correlation observations between Boise Cascade Company (BCC) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.108, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,809
- Mean correlation
- -0.108
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Wholesale-Lumber & Other Construction Materials
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 310 | 4.6% | |
| -0.8 to -0.7 | 309 | 4.5% | |
| -0.7 to -0.6 | 903 | 13.3% | |
| -0.6 to -0.5 | 903 | 13.3% | |
| -0.5 to -0.4 | 490 | 7.2% | |
| -0.4 to -0.3 | 490 | 7.2% | |
| -0.3 to -0.2 | 280 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 234 | 3.4% | |
| 0.4 to 0.5 | 233 | 3.4% | |
| 0.5 to 0.6 | 284 | 4.2% | |
| 0.6 to 0.7 | 283 | 4.2% | |
| 0.7 to 0.8 | 416 | 6.1% | |
| 0.8 to 0.9 | 416 | 6.1% | |
| 0.9 to 1.0 | 76 | 1.1% |
Frequently asked questions
What is the average correlation of BCC?
Boise Cascade Company (BCC) has an average correlation of about -0.108 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BCC positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for BCC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for BCC.
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