ACNB Corp (ACNB) Correlation Distribution
Across 6,809 rolling correlation observations between ACNB Corp (ACNB) and other NASDAQ-listed stocks, 39.3% are positive and 60.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.5% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.3%
- Strong positive (≥0.7)
- 9.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 287 | 4.2% | |
| -0.8 to -0.7 | 286 | 4.2% | |
| -0.7 to -0.6 | 828 | 12.2% | |
| -0.6 to -0.5 | 827 | 12.1% | |
| -0.5 to -0.4 | 510 | 7.5% | |
| -0.4 to -0.3 | 510 | 7.5% | |
| -0.3 to -0.2 | 316 | 4.6% | |
| -0.2 to -0.1 | 316 | 4.6% | |
| -0.1 to 0.0 | 255 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 280 | 4.1% | |
| 0.4 to 0.5 | 280 | 4.1% | |
| 0.5 to 0.6 | 349 | 5.1% | |
| 0.6 to 0.7 | 348 | 5.1% | |
| 0.7 to 0.8 | 323 | 4.7% | |
| 0.8 to 0.9 | 323 | 4.7% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of ACNB?
ACNB Corp (ACNB) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACNB positively correlated with other stocks?
Not predominantly — 39.3% of pairs are positive and 60.7% are negative. Strong positive correlations (≥0.7) make up 9.5%.
What is the most common correlation range for ACNB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.3% of all pairs.
Explore the full interactive correlation distribution for ACNB.
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