BYNORDIC ACQ CORP WTS (BYNOW) Correlation Distribution
Across 5,600 rolling correlation observations between BYNORDIC ACQ CORP WTS (BYNOW) and other NASDAQ-listed stocks, 61.7% are positive and 38.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.123, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,600
- Mean correlation
- 0.123
- Most common range
- 0.3 to 0.4
- Positive pairs
- 61.7%
- Strong positive (≥0.7)
- 0.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 39 | 0.7% | |
| -0.6 to -0.5 | 39 | 0.7% | |
| -0.5 to -0.4 | 482 | 8.6% | |
| -0.4 to -0.3 | 482 | 8.6% | |
| -0.3 to -0.2 | 389 | 6.9% | |
| -0.2 to -0.1 | 388 | 6.9% | |
| -0.1 to 0.0 | 325 | 5.8% | |
| 0.0 to 0.1 | 324 | 5.8% | |
| 0.1 to 0.2 | 440 | 7.9% | |
| 0.2 to 0.3 | 439 | 7.8% | |
| 0.3 to 0.4 | 627 | 11.2% | |
| 0.4 to 0.5 | 626 | 11.2% | |
| 0.5 to 0.6 | 494 | 8.8% | |
| 0.6 to 0.7 | 493 | 8.8% | |
| 0.7 to 0.8 | 7 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BYNOW?
BYNORDIC ACQ CORP WTS (BYNOW) has an average correlation of about 0.123 with other NASDAQ stocks, based on 5,600 pairwise observations.
Is BYNOW positively correlated with other stocks?
Mostly yes — 61.7% of pairs are positive and 38.3% are negative. Strong positive correlations (≥0.7) make up 0.2%.
What is the most common correlation range for BYNOW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.2% of all pairs.
Explore the full interactive correlation distribution for BYNOW.
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