Barnes & Noble Education, Inc (BNED) Correlation Distribution
Across 6,809 rolling correlation observations between Barnes & Noble Education, Inc (BNED) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.4% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 36.4%
- Sector
- Retail-Miscellaneous Shopping Goods Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 102 | 1.5% | |
| -0.7 to -0.6 | 294 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 258 | 3.8% | |
| -0.4 to -0.3 | 258 | 3.8% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 218 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 303 | 4.4% | |
| 0.4 to 0.5 | 303 | 4.4% | |
| 0.5 to 0.6 | 556 | 8.2% | |
| 0.6 to 0.7 | 556 | 8.2% | |
| 0.7 to 0.8 | 1,034 | 15.2% | |
| 0.8 to 0.9 | 1,034 | 15.2% | |
| 0.9 to 1.0 | 410 | 6.0% |
Frequently asked questions
What is the average correlation of BNED?
Barnes & Noble Education, Inc (BNED) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BNED positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 36.4%.
What is the most common correlation range for BNED?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.8% of all pairs.
Explore the full interactive correlation distribution for BNED.
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