Bank of the James Financial Group, Inc (BOTJ) Correlation Distribution
Across 6,790 rolling correlation observations between Bank of the James Financial Group, Inc (BOTJ) and other NASDAQ-listed stocks, 79.7% are positive and 20.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.5% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,790
- Mean correlation
- 0.269
- Most common range
- 0.3 to 0.4
- Positive pairs
- 79.7%
- Strong positive (≥0.7)
- 8.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 86 | 1.3% | |
| -0.5 to -0.4 | 118 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 449 | 6.6% | |
| 0.0 to 0.1 | 449 | 6.6% | |
| 0.1 to 0.2 | 745 | 11.0% | |
| 0.2 to 0.3 | 745 | 11.0% | |
| 0.3 to 0.4 | 805 | 11.9% | |
| 0.4 to 0.5 | 805 | 11.9% | |
| 0.5 to 0.6 | 645 | 9.5% | |
| 0.6 to 0.7 | 644 | 9.5% | |
| 0.7 to 0.8 | 287 | 4.2% | |
| 0.8 to 0.9 | 286 | 4.2% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of BOTJ?
Bank of the James Financial Group, Inc (BOTJ) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,790 pairwise observations.
Is BOTJ positively correlated with other stocks?
Mostly yes — 79.7% of pairs are positive and 20.3% are negative. Strong positive correlations (≥0.7) make up 8.5%.
What is the most common correlation range for BOTJ?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.6% of all pairs.
Explore the full interactive correlation distribution for BOTJ.
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