BCDAW (BCDAW) Correlation Distribution
Across 5,931 rolling correlation observations between BCDAW (BCDAW) and other NASDAQ-listed stocks, 71.9% are positive and 28.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 5,931
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.9%
- Strong positive (≥0.7)
- 27%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 1.0% | |
| -0.8 to -0.7 | 60 | 1.0% | |
| -0.7 to -0.6 | 288 | 4.9% | |
| -0.6 to -0.5 | 288 | 4.9% | |
| -0.5 to -0.4 | 211 | 3.6% | |
| -0.4 to -0.3 | 210 | 3.5% | |
| -0.3 to -0.2 | 177 | 3.0% | |
| -0.2 to -0.1 | 176 | 3.0% | |
| -0.1 to 0.0 | 193 | 3.3% | |
| 0.0 to 0.1 | 193 | 3.3% | |
| 0.1 to 0.2 | 253 | 4.3% | |
| 0.2 to 0.3 | 252 | 4.2% | |
| 0.3 to 0.4 | 328 | 5.5% | |
| 0.4 to 0.5 | 327 | 5.5% | |
| 0.5 to 0.6 | 657 | 11.1% | |
| 0.6 to 0.7 | 657 | 11.1% | |
| 0.7 to 0.8 | 800 | 13.5% | |
| 0.8 to 0.9 | 799 | 13.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BCDAW?
BCDAW (BCDAW) has an average correlation of about 0.295 with other NASDAQ stocks, based on 5,931 pairwise observations.
Is BCDAW positively correlated with other stocks?
Mostly yes — 71.9% of pairs are positive and 28.1% are negative. Strong positive correlations (≥0.7) make up 27%.
What is the most common correlation range for BCDAW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for BCDAW.
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