Bausch Health Companies Inc (BHC) Correlation Distribution
Across 6,809 rolling correlation observations between Bausch Health Companies Inc (BHC) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.1% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 36.1%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 284 | 4.2% | |
| -0.6 to -0.5 | 283 | 4.2% | |
| -0.5 to -0.4 | 291 | 4.3% | |
| -0.4 to -0.3 | 291 | 4.3% | |
| -0.3 to -0.2 | 267 | 3.9% | |
| -0.2 to -0.1 | 266 | 3.9% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 267 | 3.9% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 459 | 6.7% | |
| 0.6 to 0.7 | 458 | 6.7% | |
| 0.7 to 0.8 | 992 | 14.6% | |
| 0.8 to 0.9 | 991 | 14.6% | |
| 0.9 to 1.0 | 477 | 7.0% |
Frequently asked questions
What is the average correlation of BHC?
Bausch Health Companies Inc (BHC) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BHC positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 36.1%.
What is the most common correlation range for BHC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for BHC.
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