BANNIX ACQ CORP WTS (BNIXW) Correlation Distribution
Across 6,223 rolling correlation observations between BANNIX ACQ CORP WTS (BNIXW) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.383, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.4% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,223
- Mean correlation
- 0.383
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 40.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 163 | 2.6% | |
| -0.6 to -0.5 | 163 | 2.6% | |
| -0.5 to -0.4 | 272 | 4.4% | |
| -0.4 to -0.3 | 271 | 4.4% | |
| -0.3 to -0.2 | 233 | 3.7% | |
| -0.2 to -0.1 | 233 | 3.7% | |
| -0.1 to 0.0 | 221 | 3.6% | |
| 0.0 to 0.1 | 221 | 3.6% | |
| 0.1 to 0.2 | 252 | 4.0% | |
| 0.2 to 0.3 | 252 | 4.0% | |
| 0.3 to 0.4 | 306 | 4.9% | |
| 0.4 to 0.5 | 306 | 4.9% | |
| 0.5 to 0.6 | 383 | 6.2% | |
| 0.6 to 0.7 | 382 | 6.1% | |
| 0.7 to 0.8 | 871 | 14.0% | |
| 0.8 to 0.9 | 870 | 14.0% | |
| 0.9 to 1.0 | 771 | 12.4% |
Frequently asked questions
What is the average correlation of BNIXW?
BANNIX ACQ CORP WTS (BNIXW) has an average correlation of about 0.383 with other NASDAQ stocks, based on 6,223 pairwise observations.
Is BNIXW positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 40.4%.
What is the most common correlation range for BNIXW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for BNIXW.
Open interactive dashboard →