Becton, Dickinson and Co. (BDX) Correlation Distribution
Across 6,809 rolling correlation observations between Becton, Dickinson and Co. (BDX) and other NASDAQ-listed stocks, 62.4% are positive and 37.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.059
- Most common range
- 0.1 to 0.2
- Positive pairs
- 62.4%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 11 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 203 | 3.0% | |
| -0.6 to -0.5 | 202 | 3.0% | |
| -0.5 to -0.4 | 379 | 5.6% | |
| -0.4 to -0.3 | 379 | 5.6% | |
| -0.3 to -0.2 | 414 | 6.1% | |
| -0.2 to -0.1 | 413 | 6.1% | |
| -0.1 to 0.0 | 546 | 8.0% | |
| 0.0 to 0.1 | 545 | 8.0% | |
| 0.1 to 0.2 | 1,050 | 15.4% | |
| 0.2 to 0.3 | 1,049 | 15.4% | |
| 0.3 to 0.4 | 634 | 9.3% | |
| 0.4 to 0.5 | 634 | 9.3% | |
| 0.5 to 0.6 | 161 | 2.4% | |
| 0.6 to 0.7 | 160 | 2.3% | |
| 0.7 to 0.8 | 9 | 0.1% | |
| 0.8 to 0.9 | 9 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BDX?
Becton, Dickinson and Co. (BDX) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BDX positively correlated with other stocks?
Mostly yes — 62.4% of pairs are positive and 37.6% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for BDX?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 59% of all pairs.
Explore the full interactive correlation distribution for BDX.
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