BeiGene, Ltd. American Depositary Shares (BGNE) Correlation Distribution
Across 6,796 rolling correlation observations between BeiGene, Ltd. American Depositary Shares (BGNE) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.279, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,796
- Mean correlation
- 0.279
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 22%
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 | 10 | 0.1% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 334 | 4.9% | |
| -0.4 to -0.3 | 334 | 4.9% | |
| -0.3 to -0.2 | 345 | 5.1% | |
| -0.2 to -0.1 | 344 | 5.1% | |
| -0.1 to 0.0 | 335 | 4.9% | |
| 0.0 to 0.1 | 335 | 4.9% | |
| 0.1 to 0.2 | 355 | 5.2% | |
| 0.2 to 0.3 | 354 | 5.2% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 399 | 5.9% | |
| 0.5 to 0.6 | 709 | 10.4% | |
| 0.6 to 0.7 | 708 | 10.4% | |
| 0.7 to 0.8 | 749 | 11.0% | |
| 0.8 to 0.9 | 749 | 11.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BGNE?
BeiGene, Ltd. American Depositary Shares (BGNE) has an average correlation of about 0.279 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is BGNE positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 22%.
What is the most common correlation range for BGNE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 30.4% of all pairs.
Explore the full interactive correlation distribution for BGNE.
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