BGXX (BGXX) Correlation Distribution
Across 6,686 rolling correlation observations between BGXX (BGXX) and other NASDAQ-listed stocks, 58.7% are positive and 41.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.083, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,686
- Mean correlation
- 0.083
- Most common range
- -0.3 to -0.2
- Positive pairs
- 58.7%
- Strong positive (≥0.7)
- 2.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 35 | 0.5% | |
| -0.6 to -0.5 | 34 | 0.5% | |
| -0.5 to -0.4 | 180 | 2.7% | |
| -0.4 to -0.3 | 180 | 2.7% | |
| -0.3 to -0.2 | 850 | 12.7% | |
| -0.2 to -0.1 | 850 | 12.7% | |
| -0.1 to 0.0 | 581 | 8.7% | |
| 0.0 to 0.1 | 581 | 8.7% | |
| 0.1 to 0.2 | 819 | 12.2% | |
| 0.2 to 0.3 | 819 | 12.2% | |
| 0.3 to 0.4 | 654 | 9.8% | |
| 0.4 to 0.5 | 653 | 9.8% | |
| 0.5 to 0.6 | 124 | 1.9% | |
| 0.6 to 0.7 | 123 | 1.8% | |
| 0.7 to 0.8 | 69 | 1.0% | |
| 0.8 to 0.9 | 69 | 1.0% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of BGXX?
BGXX (BGXX) has an average correlation of about 0.083 with other NASDAQ stocks, based on 6,686 pairwise observations.
Is BGXX positively correlated with other stocks?
Mostly yes — 58.7% of pairs are positive and 41.3% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for BGXX?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 67.3% of all pairs.
Explore the full interactive correlation distribution for BGXX.
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