BayFirst Financial Corp. Common Stock (BAFN) Correlation Distribution
Across 6,749 rolling correlation observations between BayFirst Financial Corp. Common Stock (BAFN) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,749
- Mean correlation
- 0.269
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 28%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 115 | 1.7% | |
| -0.8 to -0.7 | 114 | 1.7% | |
| -0.7 to -0.6 | 226 | 3.3% | |
| -0.6 to -0.5 | 226 | 3.3% | |
| -0.5 to -0.4 | 303 | 4.5% | |
| -0.4 to -0.3 | 303 | 4.5% | |
| -0.3 to -0.2 | 289 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.3% | |
| -0.1 to 0.0 | 259 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 360 | 5.3% | |
| 0.4 to 0.5 | 360 | 5.3% | |
| 0.5 to 0.6 | 595 | 8.8% | |
| 0.6 to 0.7 | 595 | 8.8% | |
| 0.7 to 0.8 | 927 | 13.7% | |
| 0.8 to 0.9 | 927 | 13.7% | |
| 0.9 to 1.0 | 34 | 0.5% |
Frequently asked questions
What is the average correlation of BAFN?
BayFirst Financial Corp. Common Stock (BAFN) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,749 pairwise observations.
Is BAFN positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 28%.
What is the most common correlation range for BAFN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for BAFN.
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