ArrowMark Financial Corp. Common Stock (BANX) Correlation Distribution
Across 6,809 rolling correlation observations between ArrowMark Financial Corp. Common Stock (BANX) and other NASDAQ-listed stocks, 79.2% are positive and 20.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.29, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.29
- Most common range
- 0.3 to 0.4
- Positive pairs
- 79.2%
- Strong positive (≥0.7)
- 10.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.6% | |
| -0.7 to -0.6 | 100 | 1.5% | |
| -0.6 to -0.5 | 99 | 1.5% | |
| -0.5 to -0.4 | 141 | 2.1% | |
| -0.4 to -0.3 | 140 | 2.1% | |
| -0.3 to -0.2 | 240 | 3.5% | |
| -0.2 to -0.1 | 239 | 3.5% | |
| -0.1 to 0.0 | 370 | 5.4% | |
| 0.0 to 0.1 | 370 | 5.4% | |
| 0.1 to 0.2 | 576 | 8.5% | |
| 0.2 to 0.3 | 575 | 8.4% | |
| 0.3 to 0.4 | 826 | 12.1% | |
| 0.4 to 0.5 | 825 | 12.1% | |
| 0.5 to 0.6 | 740 | 10.9% | |
| 0.6 to 0.7 | 739 | 10.9% | |
| 0.7 to 0.8 | 361 | 5.3% | |
| 0.8 to 0.9 | 360 | 5.3% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of BANX?
ArrowMark Financial Corp. Common Stock (BANX) has an average correlation of about 0.29 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BANX positively correlated with other stocks?
Mostly yes — 79.2% of pairs are positive and 20.8% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for BANX?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 34.8% of all pairs.
Explore the full interactive correlation distribution for BANX.
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