California BanCorp Common Stock (BCAL) Correlation Distribution
Across 6,687 rolling correlation observations between California BanCorp Common Stock (BCAL) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,687
- Mean correlation
- 0.091
- Most common range
- 0.1 to 0.2
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 0%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 6 | 0.1% | |
| -0.6 to -0.5 | 6 | 0.1% | |
| -0.5 to -0.4 | 74 | 1.1% | |
| -0.4 to -0.3 | 73 | 1.1% | |
| -0.3 to -0.2 | 407 | 6.1% | |
| -0.2 to -0.1 | 406 | 6.1% | |
| -0.1 to 0.0 | 1,180 | 17.6% | |
| 0.0 to 0.1 | 1,180 | 17.6% | |
| 0.1 to 0.2 | 1,330 | 19.9% | |
| 0.2 to 0.3 | 1,330 | 19.9% | |
| 0.3 to 0.4 | 288 | 4.3% | |
| 0.4 to 0.5 | 287 | 4.3% | |
| 0.5 to 0.6 | 59 | 0.9% | |
| 0.6 to 0.7 | 58 | 0.9% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of BCAL?
California BanCorp Common Stock (BCAL) has an average correlation of about 0.091 with other NASDAQ stocks, based on 6,687 pairwise observations.
Is BCAL positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for BCAL?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 87.2% of all pairs.
Explore the full interactive correlation distribution for BCAL.
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