Bunge Global SA (BG) Correlation Distribution
Across 6,809 rolling correlation observations between Bunge Global SA (BG) and other NASDAQ-listed stocks, 46.4% are positive and 53.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is -0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.1% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- -0.046
- Most common range
- 0.1 to 0.2
- Positive pairs
- 46.4%
- Strong positive (≥0.7)
- 3.1%
- Sector
- Fats & Oils
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 121 | 1.8% | |
| -0.8 to -0.7 | 121 | 1.8% | |
| -0.7 to -0.6 | 441 | 6.5% | |
| -0.6 to -0.5 | 440 | 6.5% | |
| -0.5 to -0.4 | 535 | 7.9% | |
| -0.4 to -0.3 | 534 | 7.8% | |
| -0.3 to -0.2 | 490 | 7.2% | |
| -0.2 to -0.1 | 490 | 7.2% | |
| -0.1 to 0.0 | 478 | 7.0% | |
| 0.0 to 0.1 | 477 | 7.0% | |
| 0.1 to 0.2 | 558 | 8.2% | |
| 0.2 to 0.3 | 558 | 8.2% | |
| 0.3 to 0.4 | 432 | 6.3% | |
| 0.4 to 0.5 | 431 | 6.3% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 245 | 3.6% | |
| 0.7 to 0.8 | 104 | 1.5% | |
| 0.8 to 0.9 | 103 | 1.5% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of BG?
Bunge Global SA (BG) has an average correlation of about -0.046 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BG positively correlated with other stocks?
Not predominantly — 46.4% of pairs are positive and 53.6% are negative. Strong positive correlations (≥0.7) make up 3.1%.
What is the most common correlation range for BG?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 44.8% of all pairs.
Explore the full interactive correlation distribution for BG.
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