Brainsway Ltd. American Depositary Shares (BWAY) Correlation Distribution
Across 6,808 rolling correlation observations between Brainsway Ltd. American Depositary Shares (BWAY) and other NASDAQ-listed stocks, 75.4% are positive and 24.6% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.22, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,808
- Mean correlation
- 0.22
- Most common range
- 0.3 to 0.4
- Positive pairs
- 75.4%
- Strong positive (≥0.7)
- 7.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 122 | 1.8% | |
| -0.5 to -0.4 | 173 | 2.5% | |
| -0.4 to -0.3 | 172 | 2.5% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 388 | 5.7% | |
| 0.0 to 0.1 | 388 | 5.7% | |
| 0.1 to 0.2 | 732 | 10.8% | |
| 0.2 to 0.3 | 731 | 10.7% | |
| 0.3 to 0.4 | 876 | 12.9% | |
| 0.4 to 0.5 | 876 | 12.9% | |
| 0.5 to 0.6 | 500 | 7.3% | |
| 0.6 to 0.7 | 500 | 7.3% | |
| 0.7 to 0.8 | 254 | 3.7% | |
| 0.8 to 0.9 | 254 | 3.7% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of BWAY?
Brainsway Ltd. American Depositary Shares (BWAY) has an average correlation of about 0.22 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BWAY positively correlated with other stocks?
Mostly yes — 75.4% of pairs are positive and 24.6% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for BWAY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 40.8% of all pairs.
Explore the full interactive correlation distribution for BWAY.
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