Bank of New York Mellon Corporation (BK) Correlation Distribution
Across 6,809 rolling correlation observations between Bank of New York Mellon Corporation (BK) and other NASDAQ-listed stocks, 48.5% are positive and 51.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.065, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.065
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.5%
- Strong positive (≥0.7)
- 14.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 75 | 1.1% | |
| -0.8 to -0.7 | 75 | 1.1% | |
| -0.7 to -0.6 | 233 | 3.4% | |
| -0.6 to -0.5 | 233 | 3.4% | |
| -0.5 to -0.4 | 643 | 9.4% | |
| -0.4 to -0.3 | 642 | 9.4% | |
| -0.3 to -0.2 | 615 | 9.0% | |
| -0.2 to -0.1 | 614 | 9.0% | |
| -0.1 to 0.0 | 378 | 5.6% | |
| 0.0 to 0.1 | 378 | 5.6% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 318 | 4.7% | |
| 0.3 to 0.4 | 285 | 4.2% | |
| 0.4 to 0.5 | 285 | 4.2% | |
| 0.5 to 0.6 | 355 | 5.2% | |
| 0.6 to 0.7 | 355 | 5.2% | |
| 0.7 to 0.8 | 441 | 6.5% | |
| 0.8 to 0.9 | 440 | 6.5% | |
| 0.9 to 1.0 | 123 | 1.8% |
Frequently asked questions
What is the average correlation of BK?
Bank of New York Mellon Corporation (BK) has an average correlation of about 0.065 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BK positively correlated with other stocks?
Not predominantly — 48.5% of pairs are positive and 51.5% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for BK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for BK.
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