Bowman Consulting Group Ltd. Common Stock (BWMN) Correlation Distribution
Across 6,806 rolling correlation observations between Bowman Consulting Group Ltd. Common Stock (BWMN) and other NASDAQ-listed stocks, 32% are positive and 68% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.207, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 9.4%.
- Total observations
- 6,806
- Mean correlation
- -0.207
- Most common range
- -0.7 to -0.6
- Positive pairs
- 32%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Services-Management Consulting Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 318 | 4.7% | |
| -0.8 to -0.7 | 317 | 4.7% | |
| -0.7 to -0.6 | 1,035 | 15.2% | |
| -0.6 to -0.5 | 1,034 | 15.2% | |
| -0.5 to -0.4 | 529 | 7.8% | |
| -0.4 to -0.3 | 529 | 7.8% | |
| -0.3 to -0.2 | 305 | 4.5% | |
| -0.2 to -0.1 | 304 | 4.5% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 275 | 4.0% | |
| 0.2 to 0.3 | 274 | 4.0% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 241 | 3.5% | |
| 0.7 to 0.8 | 149 | 2.2% | |
| 0.8 to 0.9 | 148 | 2.2% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of BWMN?
Bowman Consulting Group Ltd. Common Stock (BWMN) has an average correlation of about -0.207 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BWMN positively correlated with other stocks?
Not predominantly — 32% of pairs are positive and 68% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for BWMN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.4% of all pairs.
Explore the full interactive correlation distribution for BWMN.
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