Belden Inc. (BDC) Correlation Distribution
Across 6,809 rolling correlation observations between Belden Inc. (BDC) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.127, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 17.4%.
- Total observations
- 6,809
- Mean correlation
- -0.127
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Drawing & Insulating Of Nonferrous Wire
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 594 | 8.7% | |
| -0.8 to -0.7 | 593 | 8.7% | |
| -0.7 to -0.6 | 780 | 11.5% | |
| -0.6 to -0.5 | 780 | 11.5% | |
| -0.5 to -0.4 | 369 | 5.4% | |
| -0.4 to -0.3 | 368 | 5.4% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 210 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 202 | 3.0% | |
| 0.4 to 0.5 | 202 | 3.0% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 456 | 6.7% | |
| 0.8 to 0.9 | 456 | 6.7% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of BDC?
Belden Inc. (BDC) has an average correlation of about -0.127 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BDC positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for BDC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for BDC.
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