BFAC (BFAC) Correlation Distribution
Across 6,660 rolling correlation observations between BFAC (BFAC) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.16, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 28.5%.
- Total observations
- 6,660
- Mean correlation
- -0.16
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 15.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 356 | 5.3% | |
| -0.9 to -0.8 | 772 | 11.6% | |
| -0.8 to -0.7 | 772 | 11.6% | |
| -0.7 to -0.6 | 483 | 7.3% | |
| -0.6 to -0.5 | 482 | 7.2% | |
| -0.5 to -0.4 | 319 | 4.8% | |
| -0.4 to -0.3 | 318 | 4.8% | |
| -0.3 to -0.2 | 221 | 3.3% | |
| -0.2 to -0.1 | 221 | 3.3% | |
| -0.1 to 0.0 | 187 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.8% | |
| 0.1 to 0.2 | 193 | 2.9% | |
| 0.2 to 0.3 | 192 | 2.9% | |
| 0.3 to 0.4 | 190 | 2.9% | |
| 0.4 to 0.5 | 190 | 2.9% | |
| 0.5 to 0.6 | 258 | 3.9% | |
| 0.6 to 0.7 | 258 | 3.9% | |
| 0.7 to 0.8 | 380 | 5.7% | |
| 0.8 to 0.9 | 379 | 5.7% | |
| 0.9 to 1.0 | 302 | 4.5% |
Frequently asked questions
What is the average correlation of BFAC?
BFAC (BFAC) has an average correlation of about -0.16 with other NASDAQ stocks, based on 6,660 pairwise observations.
Is BFAC positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for BFAC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for BFAC.
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