BioNTech SE American Depositary Share (BNTX) Correlation Distribution
Across 6,809 rolling correlation observations between BioNTech SE American Depositary Share (BNTX) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.27
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 13%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 208 | 3.1% | |
| -0.4 to -0.3 | 208 | 3.1% | |
| -0.3 to -0.2 | 372 | 5.5% | |
| -0.2 to -0.1 | 371 | 5.4% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 376 | 5.5% | |
| 0.1 to 0.2 | 489 | 7.2% | |
| 0.2 to 0.3 | 489 | 7.2% | |
| 0.3 to 0.4 | 623 | 9.1% | |
| 0.4 to 0.5 | 623 | 9.1% | |
| 0.5 to 0.6 | 768 | 11.3% | |
| 0.6 to 0.7 | 768 | 11.3% | |
| 0.7 to 0.8 | 418 | 6.1% | |
| 0.8 to 0.9 | 418 | 6.1% | |
| 0.9 to 1.0 | 46 | 0.7% |
Frequently asked questions
What is the average correlation of BNTX?
BioNTech SE American Depositary Share (BNTX) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BNTX positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for BNTX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.3% of all pairs.
Explore the full interactive correlation distribution for BNTX.
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