Bowlero Corp. (BOWL) Correlation Distribution
Across 6,771 rolling correlation observations between Bowlero Corp. (BOWL) and other NASDAQ-listed stocks, 30.6% are positive and 69.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.161, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,771
- Mean correlation
- -0.161
- Most common range
- -0.5 to -0.4
- Positive pairs
- 30.6%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 371 | 5.5% | |
| -0.6 to -0.5 | 370 | 5.5% | |
| -0.5 to -0.4 | 928 | 13.7% | |
| -0.4 to -0.3 | 928 | 13.7% | |
| -0.3 to -0.2 | 695 | 10.3% | |
| -0.2 to -0.1 | 695 | 10.3% | |
| -0.1 to 0.0 | 689 | 10.2% | |
| 0.0 to 0.1 | 689 | 10.2% | |
| 0.1 to 0.2 | 461 | 6.8% | |
| 0.2 to 0.3 | 460 | 6.8% | |
| 0.3 to 0.4 | 176 | 2.6% | |
| 0.4 to 0.5 | 176 | 2.6% | |
| 0.5 to 0.6 | 56 | 0.8% | |
| 0.6 to 0.7 | 55 | 0.8% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BOWL?
Bowlero Corp. (BOWL) has an average correlation of about -0.161 with other NASDAQ stocks, based on 6,771 pairwise observations.
Is BOWL positively correlated with other stocks?
Not predominantly — 30.6% of pairs are positive and 69.4% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for BOWL?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 54.5% of all pairs.
Explore the full interactive correlation distribution for BOWL.
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