Carver Bancorp, Inc. (CARV) Correlation Distribution
Across 6,809 rolling correlation observations between Carver Bancorp, Inc. (CARV) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.5% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.299
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 32.5%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 320 | 4.7% | |
| -0.6 to -0.5 | 320 | 4.7% | |
| -0.5 to -0.4 | 262 | 3.8% | |
| -0.4 to -0.3 | 262 | 3.8% | |
| -0.3 to -0.2 | 218 | 3.2% | |
| -0.2 to -0.1 | 217 | 3.2% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 347 | 5.1% | |
| 0.4 to 0.5 | 347 | 5.1% | |
| 0.5 to 0.6 | 609 | 8.9% | |
| 0.6 to 0.7 | 609 | 8.9% | |
| 0.7 to 0.8 | 1,015 | 14.9% | |
| 0.8 to 0.9 | 1,015 | 14.9% | |
| 0.9 to 1.0 | 183 | 2.7% |
Frequently asked questions
What is the average correlation of CARV?
Carver Bancorp, Inc. (CARV) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CARV positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 32.5%.
What is the most common correlation range for CARV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for CARV.
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