Bank of Nova Scotia (BNS) Correlation Distribution
Across 6,809 rolling correlation observations between Bank of Nova Scotia (BNS) and other NASDAQ-listed stocks, 75.3% are positive and 24.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.296, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.296
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.3%
- Strong positive (≥0.7)
- 15.3%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 172 | 2.5% | |
| -0.4 to -0.3 | 172 | 2.5% | |
| -0.3 to -0.2 | 363 | 5.3% | |
| -0.2 to -0.1 | 362 | 5.3% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 451 | 6.6% | |
| 0.2 to 0.3 | 451 | 6.6% | |
| 0.3 to 0.4 | 613 | 9.0% | |
| 0.4 to 0.5 | 612 | 9.0% | |
| 0.5 to 0.6 | 794 | 11.7% | |
| 0.6 to 0.7 | 793 | 11.6% | |
| 0.7 to 0.8 | 501 | 7.4% | |
| 0.8 to 0.9 | 500 | 7.3% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of BNS?
Bank of Nova Scotia (BNS) has an average correlation of about 0.296 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BNS positively correlated with other stocks?
Mostly yes — 75.3% of pairs are positive and 24.7% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for BNS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.9% of all pairs.
Explore the full interactive correlation distribution for BNS.
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