Alerus Financial Corporation Common Stock (ALRS) Correlation Distribution
Across 6,809 rolling correlation observations between Alerus Financial Corporation Common Stock (ALRS) and other NASDAQ-listed stocks, 73% are positive and 27% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 27.4% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73%
- Strong positive (≥0.7)
- 27.4%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 124 | 1.8% | |
| -0.6 to -0.5 | 124 | 1.8% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 323 | 4.7% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 306 | 4.5% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 304 | 4.5% | |
| 0.2 to 0.3 | 303 | 4.4% | |
| 0.3 to 0.4 | 425 | 6.2% | |
| 0.4 to 0.5 | 425 | 6.2% | |
| 0.5 to 0.6 | 688 | 10.1% | |
| 0.6 to 0.7 | 687 | 10.1% | |
| 0.7 to 0.8 | 924 | 13.6% | |
| 0.8 to 0.9 | 923 | 13.6% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of ALRS?
Alerus Financial Corporation Common Stock (ALRS) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ALRS positively correlated with other stocks?
Mostly yes — 73% of pairs are positive and 27% are negative. Strong positive correlations (≥0.7) make up 27.4%.
What is the most common correlation range for ALRS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for ALRS.
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