BIOS (BIOS) Correlation Distribution
Across 5,760 rolling correlation observations between BIOS (BIOS) and other NASDAQ-listed stocks, 31.1% are positive and 68.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.264, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 32.7%.
- Total observations
- 5,760
- Mean correlation
- -0.264
- Most common range
- -0.9 to -0.8
- Positive pairs
- 31.1%
- Strong positive (≥0.7)
- 11%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 224 | 3.9% | |
| -0.9 to -0.8 | 829 | 14.4% | |
| -0.8 to -0.7 | 829 | 14.4% | |
| -0.7 to -0.6 | 518 | 9.0% | |
| -0.6 to -0.5 | 518 | 9.0% | |
| -0.5 to -0.4 | 278 | 4.8% | |
| -0.4 to -0.3 | 277 | 4.8% | |
| -0.3 to -0.2 | 167 | 2.9% | |
| -0.2 to -0.1 | 166 | 2.9% | |
| -0.1 to 0.0 | 163 | 2.8% | |
| 0.0 to 0.1 | 162 | 2.8% | |
| 0.1 to 0.2 | 167 | 2.9% | |
| 0.2 to 0.3 | 166 | 2.9% | |
| 0.3 to 0.4 | 164 | 2.8% | |
| 0.4 to 0.5 | 164 | 2.8% | |
| 0.5 to 0.6 | 167 | 2.9% | |
| 0.6 to 0.7 | 166 | 2.9% | |
| 0.7 to 0.8 | 236 | 4.1% | |
| 0.8 to 0.9 | 235 | 4.1% | |
| 0.9 to 1.0 | 164 | 2.8% |
Frequently asked questions
What is the average correlation of BIOS?
BIOS (BIOS) has an average correlation of about -0.264 with other NASDAQ stocks, based on 5,760 pairwise observations.
Is BIOS positively correlated with other stocks?
Not predominantly — 31.1% of pairs are positive and 68.9% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for BIOS?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.2% of all pairs.
Explore the full interactive correlation distribution for BIOS.
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