BANNIX ACQ CORP RTS (BNIXR) Correlation Distribution
Across 5,909 rolling correlation observations between BANNIX ACQ CORP RTS (BNIXR) and other NASDAQ-listed stocks, 68.7% are positive and 31.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.188, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,909
- Mean correlation
- 0.188
- Most common range
- 0.3 to 0.4
- Positive pairs
- 68.7%
- Strong positive (≥0.7)
- 0.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 17 | 0.3% | |
| -0.6 to -0.5 | 16 | 0.3% | |
| -0.5 to -0.4 | 158 | 2.7% | |
| -0.4 to -0.3 | 157 | 2.7% | |
| -0.3 to -0.2 | 506 | 8.6% | |
| -0.2 to -0.1 | 505 | 8.5% | |
| -0.1 to 0.0 | 489 | 8.3% | |
| 0.0 to 0.1 | 489 | 8.3% | |
| 0.1 to 0.2 | 522 | 8.8% | |
| 0.2 to 0.3 | 522 | 8.8% | |
| 0.3 to 0.4 | 672 | 11.4% | |
| 0.4 to 0.5 | 672 | 11.4% | |
| 0.5 to 0.6 | 572 | 9.7% | |
| 0.6 to 0.7 | 571 | 9.7% | |
| 0.7 to 0.8 | 19 | 0.3% | |
| 0.8 to 0.9 | 19 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BNIXR?
BANNIX ACQ CORP RTS (BNIXR) has an average correlation of about 0.188 with other NASDAQ stocks, based on 5,909 pairwise observations.
Is BNIXR positively correlated with other stocks?
Mostly yes — 68.7% of pairs are positive and 31.3% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for BNIXR?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 51.3% of all pairs.
Explore the full interactive correlation distribution for BNIXR.
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