BCSAW (BCSAW) Correlation Distribution
Across 6,445 rolling correlation observations between BCSAW (BCSAW) and other NASDAQ-listed stocks, 71.7% are positive and 28.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,445
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.7%
- Strong positive (≥0.7)
- 31.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 162 | 2.5% | |
| -0.6 to -0.5 | 162 | 2.5% | |
| -0.5 to -0.4 | 326 | 5.1% | |
| -0.4 to -0.3 | 325 | 5.0% | |
| -0.3 to -0.2 | 284 | 4.4% | |
| -0.2 to -0.1 | 283 | 4.4% | |
| -0.1 to 0.0 | 256 | 4.0% | |
| 0.0 to 0.1 | 255 | 4.0% | |
| 0.1 to 0.2 | 316 | 4.9% | |
| 0.2 to 0.3 | 316 | 4.9% | |
| 0.3 to 0.4 | 354 | 5.5% | |
| 0.4 to 0.5 | 354 | 5.5% | |
| 0.5 to 0.6 | 503 | 7.8% | |
| 0.6 to 0.7 | 502 | 7.8% | |
| 0.7 to 0.8 | 840 | 13.0% | |
| 0.8 to 0.9 | 839 | 13.0% | |
| 0.9 to 1.0 | 341 | 5.3% |
Frequently asked questions
What is the average correlation of BCSAW?
BCSAW (BCSAW) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,445 pairwise observations.
Is BCSAW positively correlated with other stocks?
Mostly yes — 71.7% of pairs are positive and 28.3% are negative. Strong positive correlations (≥0.7) make up 31.3%.
What is the most common correlation range for BCSAW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for BCSAW.
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