Bright Scholar Education Holdings Limited American Depositary Shares, each representing four (4) Class A Ordinary Shares (BEDU) Correlation Distribution
Across 6,804 rolling correlation observations between Bright Scholar Education Holdings Limited American Depositary Shares, each representing four (4) Class A Ordinary Shares (BEDU) and other NASDAQ-listed stocks, 61.9% are positive and 38.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.194, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.8% and strong negative correlations (≤−0.7) for 6.9%.
- Total observations
- 6,804
- Mean correlation
- 0.194
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.9%
- Strong positive (≥0.7)
- 26.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 31 | 0.5% | |
| -0.9 to -0.8 | 220 | 3.2% | |
| -0.8 to -0.7 | 219 | 3.2% | |
| -0.7 to -0.6 | 378 | 5.6% | |
| -0.6 to -0.5 | 378 | 5.6% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 252 | 3.7% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 252 | 3.7% | |
| 0.2 to 0.3 | 251 | 3.7% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 516 | 7.6% | |
| 0.6 to 0.7 | 516 | 7.6% | |
| 0.7 to 0.8 | 659 | 9.7% | |
| 0.8 to 0.9 | 659 | 9.7% | |
| 0.9 to 1.0 | 505 | 7.4% |
Frequently asked questions
What is the average correlation of BEDU?
Bright Scholar Education Holdings Limited American Depositary Shares, each representing four (4) Class A Ordinary Shares (BEDU) has an average correlation of about 0.194 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is BEDU positively correlated with other stocks?
Mostly yes — 61.9% of pairs are positive and 38.1% are negative. Strong positive correlations (≥0.7) make up 26.8%.
What is the most common correlation range for BEDU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for BEDU.
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