Babcock & Wilcox Enterprises, Inc. (BW) Correlation Distribution
Across 6,809 rolling correlation observations between Babcock & Wilcox Enterprises, Inc. (BW) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.212, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.3% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- 0.212
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 14.3%
- Sector
- Heating Equipment, Except Electric & Warm Air Furnaces
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 19 | 0.3% | |
| -0.9 to -0.8 | 141 | 2.1% | |
| -0.8 to -0.7 | 140 | 2.1% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 246 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 230 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 343 | 5.0% | |
| 0.2 to 0.3 | 342 | 5.0% | |
| 0.3 to 0.4 | 607 | 8.9% | |
| 0.4 to 0.5 | 607 | 8.9% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 771 | 11.3% | |
| 0.7 to 0.8 | 466 | 6.8% | |
| 0.8 to 0.9 | 465 | 6.8% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of BW?
Babcock & Wilcox Enterprises, Inc. (BW) has an average correlation of about 0.212 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BW positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 14.3%.
What is the most common correlation range for BW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for BW.
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