BJs Wholesale Club Holdings, Inc. Common Stock (BJ) Correlation Distribution
Across 6,809 rolling correlation observations between BJs Wholesale Club Holdings, Inc. Common Stock (BJ) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 17.1%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 11.6%
- Sector
- Retail-Variety Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 574 | 8.4% | |
| -0.8 to -0.7 | 574 | 8.4% | |
| -0.7 to -0.6 | 697 | 10.2% | |
| -0.6 to -0.5 | 696 | 10.2% | |
| -0.5 to -0.4 | 463 | 6.8% | |
| -0.4 to -0.3 | 462 | 6.8% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 228 | 3.3% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 241 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 307 | 4.5% | |
| 0.6 to 0.7 | 306 | 4.5% | |
| 0.7 to 0.8 | 368 | 5.4% | |
| 0.8 to 0.9 | 368 | 5.4% | |
| 0.9 to 1.0 | 53 | 0.8% |
Frequently asked questions
What is the average correlation of BJ?
BJs Wholesale Club Holdings, Inc. Common Stock (BJ) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BJ positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for BJ?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for BJ.
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