Boston Scientific Corp. (BSX) Correlation Distribution
Across 6,809 rolling correlation observations between Boston Scientific Corp. (BSX) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 16.3%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 291 | 4.3% | |
| -0.8 to -0.7 | 291 | 4.3% | |
| -0.7 to -0.6 | 801 | 11.8% | |
| -0.6 to -0.5 | 800 | 11.7% | |
| -0.5 to -0.4 | 627 | 9.2% | |
| -0.4 to -0.3 | 627 | 9.2% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 268 | 3.9% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 207 | 3.0% | |
| 0.4 to 0.5 | 206 | 3.0% | |
| 0.5 to 0.6 | 230 | 3.4% | |
| 0.6 to 0.7 | 229 | 3.4% | |
| 0.7 to 0.8 | 378 | 5.6% | |
| 0.8 to 0.9 | 378 | 5.6% | |
| 0.9 to 1.0 | 352 | 5.2% |
Frequently asked questions
What is the average correlation of BSX?
Boston Scientific Corp. (BSX) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BSX positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for BSX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for BSX.
Open interactive dashboard →