BOCN (BOCN) Correlation Distribution
Across 6,176 rolling correlation observations between BOCN (BOCN) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.103, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 21.8%.
- Total observations
- 6,176
- Mean correlation
- -0.103
- Most common range
- -0.9 to -0.8
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 15.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 79 | 1.3% | |
| -0.9 to -0.8 | 633 | 10.2% | |
| -0.8 to -0.7 | 633 | 10.2% | |
| -0.7 to -0.6 | 469 | 7.6% | |
| -0.6 to -0.5 | 468 | 7.6% | |
| -0.5 to -0.4 | 314 | 5.1% | |
| -0.4 to -0.3 | 314 | 5.1% | |
| -0.3 to -0.2 | 268 | 4.3% | |
| -0.2 to -0.1 | 267 | 4.3% | |
| -0.1 to 0.0 | 201 | 3.3% | |
| 0.0 to 0.1 | 200 | 3.2% | |
| 0.1 to 0.2 | 213 | 3.4% | |
| 0.2 to 0.3 | 213 | 3.4% | |
| 0.3 to 0.4 | 190 | 3.1% | |
| 0.4 to 0.5 | 189 | 3.1% | |
| 0.5 to 0.6 | 271 | 4.4% | |
| 0.6 to 0.7 | 270 | 4.4% | |
| 0.7 to 0.8 | 408 | 6.6% | |
| 0.8 to 0.9 | 407 | 6.6% | |
| 0.9 to 1.0 | 169 | 2.7% |
Frequently asked questions
What is the average correlation of BOCN?
BOCN (BOCN) has an average correlation of about -0.103 with other NASDAQ stocks, based on 6,176 pairwise observations.
Is BOCN positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for BOCN?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for BOCN.
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