BYN (BYN) Correlation Distribution
Across 5,860 rolling correlation observations between BYN (BYN) and other NASDAQ-listed stocks, 33.2% are positive and 66.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.178, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 5,860
- Mean correlation
- -0.178
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.2%
- Strong positive (≥0.7)
- 3.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 156 | 2.7% | |
| -0.8 to -0.7 | 156 | 2.7% | |
| -0.7 to -0.6 | 930 | 15.9% | |
| -0.6 to -0.5 | 929 | 15.9% | |
| -0.5 to -0.4 | 478 | 8.2% | |
| -0.4 to -0.3 | 477 | 8.1% | |
| -0.3 to -0.2 | 283 | 4.8% | |
| -0.2 to -0.1 | 283 | 4.8% | |
| -0.1 to 0.0 | 219 | 3.7% | |
| 0.0 to 0.1 | 218 | 3.7% | |
| 0.1 to 0.2 | 213 | 3.6% | |
| 0.2 to 0.3 | 212 | 3.6% | |
| 0.3 to 0.4 | 225 | 3.8% | |
| 0.4 to 0.5 | 225 | 3.8% | |
| 0.5 to 0.6 | 319 | 5.4% | |
| 0.6 to 0.7 | 318 | 5.4% | |
| 0.7 to 0.8 | 100 | 1.7% | |
| 0.8 to 0.9 | 100 | 1.7% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of BYN?
BYN (BYN) has an average correlation of about -0.178 with other NASDAQ stocks, based on 5,860 pairwise observations.
Is BYN positively correlated with other stocks?
Not predominantly — 33.2% of pairs are positive and 66.8% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for BYN?
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 BYN.
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