BCSAU (BCSAU) Correlation Distribution
Across 5,133 rolling correlation observations between BCSAU (BCSAU) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 14.9%.
- Total observations
- 5,133
- Mean correlation
- -0.136
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 15.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 35 | 0.7% | |
| -0.9 to -0.8 | 366 | 7.1% | |
| -0.8 to -0.7 | 366 | 7.1% | |
| -0.7 to -0.6 | 549 | 10.7% | |
| -0.6 to -0.5 | 549 | 10.7% | |
| -0.5 to -0.4 | 435 | 8.5% | |
| -0.4 to -0.3 | 434 | 8.5% | |
| -0.3 to -0.2 | 225 | 4.4% | |
| -0.2 to -0.1 | 224 | 4.4% | |
| -0.1 to 0.0 | 148 | 2.9% | |
| 0.0 to 0.1 | 148 | 2.9% | |
| 0.1 to 0.2 | 141 | 2.7% | |
| 0.2 to 0.3 | 140 | 2.7% | |
| 0.3 to 0.4 | 127 | 2.5% | |
| 0.4 to 0.5 | 126 | 2.5% | |
| 0.5 to 0.6 | 165 | 3.2% | |
| 0.6 to 0.7 | 165 | 3.2% | |
| 0.7 to 0.8 | 295 | 5.7% | |
| 0.8 to 0.9 | 295 | 5.7% | |
| 0.9 to 1.0 | 200 | 3.9% |
Frequently asked questions
What is the average correlation of BCSAU?
BCSAU (BCSAU) has an average correlation of about -0.136 with other NASDAQ stocks, based on 5,133 pairwise observations.
Is BCSAU positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for BCSAU?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for BCSAU.
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