Bristol-Myers Squibb Co. (BMY) Correlation Distribution
Across 6,809 rolling correlation observations between Bristol-Myers Squibb Co. (BMY) and other NASDAQ-listed stocks, 59.1% are positive and 40.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.044, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.044
- Most common range
- 0.1 to 0.2
- Positive pairs
- 59.1%
- Strong positive (≥0.7)
- 3.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 101 | 1.5% | |
| -0.8 to -0.7 | 100 | 1.5% | |
| -0.7 to -0.6 | 359 | 5.3% | |
| -0.6 to -0.5 | 359 | 5.3% | |
| -0.5 to -0.4 | 359 | 5.3% | |
| -0.4 to -0.3 | 359 | 5.3% | |
| -0.3 to -0.2 | 339 | 5.0% | |
| -0.2 to -0.1 | 339 | 5.0% | |
| -0.1 to 0.0 | 458 | 6.7% | |
| 0.0 to 0.1 | 457 | 6.7% | |
| 0.1 to 0.2 | 793 | 11.6% | |
| 0.2 to 0.3 | 792 | 11.6% | |
| 0.3 to 0.4 | 558 | 8.2% | |
| 0.4 to 0.5 | 558 | 8.2% | |
| 0.5 to 0.6 | 323 | 4.7% | |
| 0.6 to 0.7 | 323 | 4.7% | |
| 0.7 to 0.8 | 108 | 1.6% | |
| 0.8 to 0.9 | 108 | 1.6% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of BMY?
Bristol-Myers Squibb Co. (BMY) has an average correlation of about 0.044 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BMY positively correlated with other stocks?
Mostly yes — 59.1% of pairs are positive and 40.9% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for BMY?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 46.7% of all pairs.
Explore the full interactive correlation distribution for BMY.
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