Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 (BWSN) Correlation Distribution
Across 6,806 rolling correlation observations between Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 (BWSN) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.219, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.6% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,806
- Mean correlation
- 0.219
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 6.6%
- Sector
- Heating Equipment, Except Electric & Warm Air Furnaces
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 82 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 340 | 5.0% | |
| -0.5 to -0.4 | 261 | 3.8% | |
| -0.4 to -0.3 | 260 | 3.8% | |
| -0.3 to -0.2 | 220 | 3.2% | |
| -0.2 to -0.1 | 220 | 3.2% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 295 | 4.3% | |
| 0.2 to 0.3 | 294 | 4.3% | |
| 0.3 to 0.4 | 605 | 8.9% | |
| 0.4 to 0.5 | 604 | 8.9% | |
| 0.5 to 0.6 | 1,138 | 16.7% | |
| 0.6 to 0.7 | 1,138 | 16.7% | |
| 0.7 to 0.8 | 223 | 3.3% | |
| 0.8 to 0.9 | 223 | 3.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BWSN?
Babcock & Wilcox Enterprises, Inc. 8.125% Senior Notes due 2026 (BWSN) has an average correlation of about 0.219 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is BWSN positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 6.6%.
What is the most common correlation range for BWSN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for BWSN.
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