Bausch + Lomb Corporation (BLCO) Correlation Distribution
Across 6,701 rolling correlation observations between Bausch + Lomb Corporation (BLCO) and other NASDAQ-listed stocks, 58.4% are positive and 41.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,701
- Mean correlation
- 0.055
- Most common range
- -0.1 to 0.0
- Positive pairs
- 58.4%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Ophthalmic Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 21 | 0.3% | |
| -0.6 to -0.5 | 21 | 0.3% | |
| -0.5 to -0.4 | 129 | 1.9% | |
| -0.4 to -0.3 | 129 | 1.9% | |
| -0.3 to -0.2 | 607 | 9.1% | |
| -0.2 to -0.1 | 607 | 9.1% | |
| -0.1 to 0.0 | 1,271 | 19.0% | |
| 0.0 to 0.1 | 1,270 | 19.0% | |
| 0.1 to 0.2 | 880 | 13.1% | |
| 0.2 to 0.3 | 880 | 13.1% | |
| 0.3 to 0.4 | 358 | 5.3% | |
| 0.4 to 0.5 | 358 | 5.3% | |
| 0.5 to 0.6 | 75 | 1.1% | |
| 0.6 to 0.7 | 75 | 1.1% | |
| 0.7 to 0.8 | 10 | 0.1% | |
| 0.8 to 0.9 | 9 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BLCO?
Bausch + Lomb Corporation (BLCO) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,701 pairwise observations.
Is BLCO positively correlated with other stocks?
Mostly yes — 58.4% of pairs are positive and 41.6% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for BLCO?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 82.3% of all pairs.
Explore the full interactive correlation distribution for BLCO.
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