BOAC (BOAC) Correlation Distribution
Across 6,292 rolling correlation observations between BOAC (BOAC) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,292
- Mean correlation
- -0.058
- Most common range
- -0.1 to 0.0
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 0.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.8% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 380 | 6.0% | |
| -0.6 to -0.5 | 380 | 6.0% | |
| -0.5 to -0.4 | 503 | 8.0% | |
| -0.4 to -0.3 | 502 | 8.0% | |
| -0.3 to -0.2 | 550 | 8.7% | |
| -0.2 to -0.1 | 549 | 8.7% | |
| -0.1 to 0.0 | 593 | 9.4% | |
| 0.0 to 0.1 | 593 | 9.4% | |
| 0.1 to 0.2 | 461 | 7.3% | |
| 0.2 to 0.3 | 461 | 7.3% | |
| 0.3 to 0.4 | 349 | 5.5% | |
| 0.4 to 0.5 | 348 | 5.5% | |
| 0.5 to 0.6 | 238 | 3.8% | |
| 0.6 to 0.7 | 237 | 3.8% | |
| 0.7 to 0.8 | 26 | 0.4% | |
| 0.8 to 0.9 | 26 | 0.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BOAC?
BOAC (BOAC) has an average correlation of about -0.058 with other NASDAQ stocks, based on 6,292 pairwise observations.
Is BOAC positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for BOAC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 51% of all pairs.
Explore the full interactive correlation distribution for BOAC.
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