Biodesix, Inc. Common Stock (BDSX) Correlation Distribution
Across 6,808 rolling correlation observations between Biodesix, Inc. Common Stock (BDSX) and other NASDAQ-listed stocks, 68.3% are positive and 31.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.5% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,808
- Mean correlation
- 0.284
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.3%
- Strong positive (≥0.7)
- 30.5%
- Sector
- Services-Medical Laboratories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 70 | 1.0% | |
| -0.8 to -0.7 | 70 | 1.0% | |
| -0.7 to -0.6 | 256 | 3.8% | |
| -0.6 to -0.5 | 255 | 3.7% | |
| -0.5 to -0.4 | 366 | 5.4% | |
| -0.4 to -0.3 | 366 | 5.4% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 263 | 3.9% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 297 | 4.4% | |
| 0.3 to 0.4 | 394 | 5.8% | |
| 0.4 to 0.5 | 394 | 5.8% | |
| 0.5 to 0.6 | 474 | 7.0% | |
| 0.6 to 0.7 | 473 | 6.9% | |
| 0.7 to 0.8 | 740 | 10.9% | |
| 0.8 to 0.9 | 740 | 10.9% | |
| 0.9 to 1.0 | 594 | 8.7% |
Frequently asked questions
What is the average correlation of BDSX?
Biodesix, Inc. Common Stock (BDSX) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BDSX positively correlated with other stocks?
Mostly yes — 68.3% of pairs are positive and 31.7% are negative. Strong positive correlations (≥0.7) make up 30.5%.
What is the most common correlation range for BDSX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for BDSX.
Open interactive dashboard →