BANNIX ACQ CORP (BNIX) Correlation Distribution
Across 6,013 rolling correlation observations between BANNIX ACQ CORP (BNIX) and other NASDAQ-listed stocks, 33.8% are positive and 66.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.194, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 23.1%.
- Total observations
- 6,013
- Mean correlation
- -0.194
- Most common range
- -0.9 to -0.8
- Positive pairs
- 33.8%
- Strong positive (≥0.7)
- 13%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 87 | 1.4% | |
| -0.9 to -0.8 | 652 | 10.8% | |
| -0.8 to -0.7 | 651 | 10.8% | |
| -0.7 to -0.6 | 650 | 10.8% | |
| -0.6 to -0.5 | 650 | 10.8% | |
| -0.5 to -0.4 | 353 | 5.9% | |
| -0.4 to -0.3 | 352 | 5.9% | |
| -0.3 to -0.2 | 210 | 3.5% | |
| -0.2 to -0.1 | 210 | 3.5% | |
| -0.1 to 0.0 | 167 | 2.8% | |
| 0.0 to 0.1 | 166 | 2.8% | |
| 0.1 to 0.2 | 155 | 2.6% | |
| 0.2 to 0.3 | 154 | 2.6% | |
| 0.3 to 0.4 | 174 | 2.9% | |
| 0.4 to 0.5 | 174 | 2.9% | |
| 0.5 to 0.6 | 214 | 3.6% | |
| 0.6 to 0.7 | 213 | 3.5% | |
| 0.7 to 0.8 | 322 | 5.4% | |
| 0.8 to 0.9 | 322 | 5.4% | |
| 0.9 to 1.0 | 137 | 2.3% |
Frequently asked questions
What is the average correlation of BNIX?
BANNIX ACQ CORP (BNIX) has an average correlation of about -0.194 with other NASDAQ stocks, based on 6,013 pairwise observations.
Is BNIX positively correlated with other stocks?
Not predominantly — 33.8% of pairs are positive and 66.2% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for BNIX?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.7% of all pairs.
Explore the full interactive correlation distribution for BNIX.
Open interactive dashboard →