Betterware de Mexico, S.A.P.I. de C.V. (BWMX) Correlation Distribution
Across 6,809 rolling correlation observations between Betterware de Mexico, S.A.P.I. de C.V. (BWMX) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.5% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.291
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 27.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 166 | 2.4% | |
| -0.6 to -0.5 | 166 | 2.4% | |
| -0.5 to -0.4 | 356 | 5.2% | |
| -0.4 to -0.3 | 355 | 5.2% | |
| -0.3 to -0.2 | 340 | 5.0% | |
| -0.2 to -0.1 | 339 | 5.0% | |
| -0.1 to 0.0 | 319 | 4.7% | |
| 0.0 to 0.1 | 319 | 4.7% | |
| 0.1 to 0.2 | 324 | 4.8% | |
| 0.2 to 0.3 | 324 | 4.8% | |
| 0.3 to 0.4 | 387 | 5.7% | |
| 0.4 to 0.5 | 387 | 5.7% | |
| 0.5 to 0.6 | 559 | 8.2% | |
| 0.6 to 0.7 | 559 | 8.2% | |
| 0.7 to 0.8 | 885 | 13.0% | |
| 0.8 to 0.9 | 884 | 13.0% | |
| 0.9 to 1.0 | 106 | 1.6% |
Frequently asked questions
What is the average correlation of BWMX?
Betterware de Mexico, S.A.P.I. de C.V. (BWMX) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BWMX positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 27.5%.
What is the most common correlation range for BWMX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.9% of all pairs.
Explore the full interactive correlation distribution for BWMX.
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