Bon Natural Life Limited Class A Ordinary Shares (BON) Correlation Distribution
Across 6,806 rolling correlation observations between Bon Natural Life Limited Class A Ordinary Shares (BON) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.331, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.6% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,806
- Mean correlation
- 0.331
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 39.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 129 | 1.9% | |
| -0.8 to -0.7 | 128 | 1.9% | |
| -0.7 to -0.6 | 290 | 4.3% | |
| -0.6 to -0.5 | 290 | 4.3% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 208 | 3.1% | |
| -0.2 to -0.1 | 207 | 3.0% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 200 | 2.9% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 279 | 4.1% | |
| 0.4 to 0.5 | 279 | 4.1% | |
| 0.5 to 0.6 | 469 | 6.9% | |
| 0.6 to 0.7 | 469 | 6.9% | |
| 0.7 to 0.8 | 1,070 | 15.7% | |
| 0.8 to 0.9 | 1,069 | 15.7% | |
| 0.9 to 1.0 | 557 | 8.2% |
Frequently asked questions
What is the average correlation of BON?
Bon Natural Life Limited Class A Ordinary Shares (BON) has an average correlation of about 0.331 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BON positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 39.6%.
What is the most common correlation range for BON?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for BON.
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