Banc of California, Inc. (BANC) Correlation Distribution
Across 6,809 rolling correlation observations between Banc of California, Inc. (BANC) and other NASDAQ-listed stocks, 75.8% are positive and 24.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.28, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.28
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.8%
- Strong positive (≥0.7)
- 11%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 76 | 1.1% | |
| -0.6 to -0.5 | 76 | 1.1% | |
| -0.5 to -0.4 | 152 | 2.2% | |
| -0.4 to -0.3 | 152 | 2.2% | |
| -0.3 to -0.2 | 344 | 5.1% | |
| -0.2 to -0.1 | 344 | 5.1% | |
| -0.1 to 0.0 | 404 | 5.9% | |
| 0.0 to 0.1 | 403 | 5.9% | |
| 0.1 to 0.2 | 490 | 7.2% | |
| 0.2 to 0.3 | 490 | 7.2% | |
| 0.3 to 0.4 | 693 | 10.2% | |
| 0.4 to 0.5 | 692 | 10.2% | |
| 0.5 to 0.6 | 824 | 12.1% | |
| 0.6 to 0.7 | 823 | 12.1% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 363 | 5.3% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of BANC?
Banc of California, Inc. (BANC) has an average correlation of about 0.28 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BANC positively correlated with other stocks?
Mostly yes — 75.8% of pairs are positive and 24.2% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for BANC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36.3% of all pairs.
Explore the full interactive correlation distribution for BANC.
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