BWX Technologies, Inc. (BWXT) Correlation Distribution
Across 6,809 rolling correlation observations between BWX Technologies, Inc. (BWXT) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 8.8%.
- Total observations
- 6,809
- Mean correlation
- -0.086
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Engines & Turbines
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 299 | 4.4% | |
| -0.8 to -0.7 | 299 | 4.4% | |
| -0.7 to -0.6 | 680 | 10.0% | |
| -0.6 to -0.5 | 680 | 10.0% | |
| -0.5 to -0.4 | 693 | 10.2% | |
| -0.4 to -0.3 | 692 | 10.2% | |
| -0.3 to -0.2 | 337 | 4.9% | |
| -0.2 to -0.1 | 336 | 4.9% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 226 | 3.3% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 211 | 3.1% | |
| 0.4 to 0.5 | 210 | 3.1% | |
| 0.5 to 0.6 | 242 | 3.6% | |
| 0.6 to 0.7 | 242 | 3.6% | |
| 0.7 to 0.8 | 377 | 5.5% | |
| 0.8 to 0.9 | 377 | 5.5% | |
| 0.9 to 1.0 | 271 | 4.0% |
Frequently asked questions
What is the average correlation of BWXT?
BWX Technologies, Inc. (BWXT) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BWXT positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for BWXT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for BWXT.
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