BWAQ (BWAQ) Correlation Distribution
Across 5,383 rolling correlation observations between BWAQ (BWAQ) and other NASDAQ-listed stocks, 32.6% are positive and 67.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.09, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 5,383
- Mean correlation
- -0.09
- Most common range
- -0.3 to -0.2
- Positive pairs
- 32.6%
- Strong positive (≥0.7)
- 0.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 17 | 0.3% | |
| -0.6 to -0.5 | 16 | 0.3% | |
| -0.5 to -0.4 | 435 | 8.1% | |
| -0.4 to -0.3 | 434 | 8.1% | |
| -0.3 to -0.2 | 1,081 | 20.1% | |
| -0.2 to -0.1 | 1,081 | 20.1% | |
| -0.1 to 0.0 | 550 | 10.2% | |
| 0.0 to 0.1 | 549 | 10.2% | |
| 0.1 to 0.2 | 425 | 7.9% | |
| 0.2 to 0.3 | 425 | 7.9% | |
| 0.3 to 0.4 | 156 | 2.9% | |
| 0.4 to 0.5 | 155 | 2.9% | |
| 0.5 to 0.6 | 19 | 0.4% | |
| 0.6 to 0.7 | 18 | 0.3% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 4 | 0.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of BWAQ?
BWAQ (BWAQ) has an average correlation of about -0.09 with other NASDAQ stocks, based on 5,383 pairwise observations.
Is BWAQ positively correlated with other stocks?
Not predominantly — 32.6% of pairs are positive and 67.4% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for BWAQ?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 76.4% of all pairs.
Explore the full interactive correlation distribution for BWAQ.
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