BCSA (BCSA) Correlation Distribution
Across 6,308 rolling correlation observations between BCSA (BCSA) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.166, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 27.3%.
- Total observations
- 6,308
- Mean correlation
- -0.166
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 16.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 215 | 3.4% | |
| -0.9 to -0.8 | 755 | 12.0% | |
| -0.8 to -0.7 | 754 | 12.0% | |
| -0.7 to -0.6 | 525 | 8.3% | |
| -0.6 to -0.5 | 525 | 8.3% | |
| -0.5 to -0.4 | 323 | 5.1% | |
| -0.4 to -0.3 | 323 | 5.1% | |
| -0.3 to -0.2 | 214 | 3.4% | |
| -0.2 to -0.1 | 213 | 3.4% | |
| -0.1 to 0.0 | 170 | 2.7% | |
| 0.0 to 0.1 | 169 | 2.7% | |
| 0.1 to 0.2 | 158 | 2.5% | |
| 0.2 to 0.3 | 158 | 2.5% | |
| 0.3 to 0.4 | 167 | 2.6% | |
| 0.4 to 0.5 | 166 | 2.6% | |
| 0.5 to 0.6 | 215 | 3.4% | |
| 0.6 to 0.7 | 215 | 3.4% | |
| 0.7 to 0.8 | 346 | 5.5% | |
| 0.8 to 0.9 | 346 | 5.5% | |
| 0.9 to 1.0 | 351 | 5.6% |
Frequently asked questions
What is the average correlation of BCSA?
BCSA (BCSA) has an average correlation of about -0.166 with other NASDAQ stocks, based on 6,308 pairwise observations.
Is BCSA positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for BCSA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for BCSA.
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