Babcock & Wilcox Enterprises, Inc. 6.50% Senior Notes due 2026 (BWNB) Correlation Distribution
Across 6,789 rolling correlation observations between Babcock & Wilcox Enterprises, Inc. 6.50% Senior Notes due 2026 (BWNB) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,789
- Mean correlation
- 0.187
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 6%
- Sector
- Heating Equipment, Except Electric & Warm Air Furnaces
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 84 | 1.2% | |
| -0.8 to -0.7 | 84 | 1.2% | |
| -0.7 to -0.6 | 268 | 3.9% | |
| -0.6 to -0.5 | 267 | 3.9% | |
| -0.5 to -0.4 | 353 | 5.2% | |
| -0.4 to -0.3 | 353 | 5.2% | |
| -0.3 to -0.2 | 287 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 275 | 4.1% | |
| 0.1 to 0.2 | 370 | 5.4% | |
| 0.2 to 0.3 | 370 | 5.4% | |
| 0.3 to 0.4 | 544 | 8.0% | |
| 0.4 to 0.5 | 544 | 8.0% | |
| 0.5 to 0.6 | 1,009 | 14.9% | |
| 0.6 to 0.7 | 1,008 | 14.8% | |
| 0.7 to 0.8 | 204 | 3.0% | |
| 0.8 to 0.9 | 204 | 3.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BWNB?
Babcock & Wilcox Enterprises, Inc. 6.50% Senior Notes due 2026 (BWNB) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,789 pairwise observations.
Is BWNB positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for BWNB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27.5% of all pairs.
Explore the full interactive correlation distribution for BWNB.
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