BMAC (BMAC) Correlation Distribution
Across 6,069 rolling correlation observations between BMAC (BMAC) and other NASDAQ-listed stocks, 27% are positive and 73% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.306, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 32.4%.
- Total observations
- 6,069
- Mean correlation
- -0.306
- Most common range
- -0.9 to -0.8
- Positive pairs
- 27%
- Strong positive (≥0.7)
- 9.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 193 | 3.2% | |
| -0.9 to -0.8 | 887 | 14.6% | |
| -0.8 to -0.7 | 886 | 14.6% | |
| -0.7 to -0.6 | 674 | 11.1% | |
| -0.6 to -0.5 | 673 | 11.1% | |
| -0.5 to -0.4 | 295 | 4.9% | |
| -0.4 to -0.3 | 295 | 4.9% | |
| -0.3 to -0.2 | 191 | 3.1% | |
| -0.2 to -0.1 | 190 | 3.1% | |
| -0.1 to 0.0 | 144 | 2.4% | |
| 0.0 to 0.1 | 143 | 2.4% | |
| 0.1 to 0.2 | 152 | 2.5% | |
| 0.2 to 0.3 | 151 | 2.5% | |
| 0.3 to 0.4 | 145 | 2.4% | |
| 0.4 to 0.5 | 144 | 2.4% | |
| 0.5 to 0.6 | 156 | 2.6% | |
| 0.6 to 0.7 | 155 | 2.6% | |
| 0.7 to 0.8 | 199 | 3.3% | |
| 0.8 to 0.9 | 199 | 3.3% | |
| 0.9 to 1.0 | 197 | 3.2% |
Frequently asked questions
What is the average correlation of BMAC?
BMAC (BMAC) has an average correlation of about -0.306 with other NASDAQ stocks, based on 6,069 pairwise observations.
Is BMAC positively correlated with other stocks?
Not predominantly — 27% of pairs are positive and 73% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for BMAC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16% of all pairs.
Explore the full interactive correlation distribution for BMAC.
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