Banco Latinoamericano de Comercio Exterior, S.A (BLX) Correlation Distribution
Across 6,809 rolling correlation observations between Banco Latinoamericano de Comercio Exterior, S.A (BLX) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 9.5%.
- Total observations
- 6,809
- Mean correlation
- -0.082
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 16.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 314 | 4.6% | |
| -0.8 to -0.7 | 314 | 4.6% | |
| -0.7 to -0.6 | 757 | 11.1% | |
| -0.6 to -0.5 | 756 | 11.1% | |
| -0.5 to -0.4 | 620 | 9.1% | |
| -0.4 to -0.3 | 620 | 9.1% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 228 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 188 | 2.8% | |
| 0.3 to 0.4 | 211 | 3.1% | |
| 0.4 to 0.5 | 210 | 3.1% | |
| 0.5 to 0.6 | 236 | 3.5% | |
| 0.6 to 0.7 | 236 | 3.5% | |
| 0.7 to 0.8 | 368 | 5.4% | |
| 0.8 to 0.9 | 368 | 5.4% | |
| 0.9 to 1.0 | 384 | 5.6% |
Frequently asked questions
What is the average correlation of BLX?
Banco Latinoamericano de Comercio Exterior, S.A (BLX) has an average correlation of about -0.082 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BLX positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for BLX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for BLX.
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