Affinity Bancshares, Inc. Common Stock (MD) (AFBI) Correlation Distribution
Across 6,777 rolling correlation observations between Affinity Bancshares, Inc. Common Stock (MD) (AFBI) and other NASDAQ-listed stocks, 37.1% are positive and 62.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.3% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,777
- Mean correlation
- -0.096
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.1%
- Strong positive (≥0.7)
- 10.3%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 144 | 2.1% | |
| -0.8 to -0.7 | 144 | 2.1% | |
| -0.7 to -0.6 | 797 | 11.8% | |
| -0.6 to -0.5 | 797 | 11.8% | |
| -0.5 to -0.4 | 641 | 9.5% | |
| -0.4 to -0.3 | 640 | 9.4% | |
| -0.3 to -0.2 | 418 | 6.2% | |
| -0.2 to -0.1 | 417 | 6.2% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 265 | 3.9% | |
| 0.1 to 0.2 | 223 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 235 | 3.5% | |
| 0.4 to 0.5 | 234 | 3.5% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 316 | 4.7% | |
| 0.7 to 0.8 | 347 | 5.1% | |
| 0.8 to 0.9 | 347 | 5.1% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of AFBI?
Affinity Bancshares, Inc. Common Stock (MD) (AFBI) has an average correlation of about -0.096 with other NASDAQ stocks, based on 6,777 pairwise observations.
Is AFBI positively correlated with other stocks?
Not predominantly — 37.1% of pairs are positive and 62.9% are negative. Strong positive correlations (≥0.7) make up 10.3%.
What is the most common correlation range for AFBI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for AFBI.
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