BP p.l.c. (BP) Correlation Distribution
Across 6,809 rolling correlation observations between BP p.l.c. (BP) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.176, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 17.2%.
- Total observations
- 6,809
- Mean correlation
- -0.176
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 4.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 583 | 8.6% | |
| -0.8 to -0.7 | 582 | 8.5% | |
| -0.7 to -0.6 | 666 | 9.8% | |
| -0.6 to -0.5 | 666 | 9.8% | |
| -0.5 to -0.4 | 446 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 327 | 4.8% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 295 | 4.3% | |
| 0.2 to 0.3 | 294 | 4.3% | |
| 0.3 to 0.4 | 353 | 5.2% | |
| 0.4 to 0.5 | 352 | 5.2% | |
| 0.5 to 0.6 | 306 | 4.5% | |
| 0.6 to 0.7 | 306 | 4.5% | |
| 0.7 to 0.8 | 159 | 2.3% | |
| 0.8 to 0.9 | 158 | 2.3% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of BP?
BP p.l.c. (BP) has an average correlation of about -0.176 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BP positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for BP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for BP.
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