Cathay General Bancorp (CATY) Correlation Distribution
Across 6,809 rolling correlation observations between Cathay General Bancorp (CATY) and other NASDAQ-listed stocks, 62.8% are positive and 37.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.133
- Most common range
- -0.1 to 0.0
- Positive pairs
- 62.8%
- Strong positive (≥0.7)
- 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 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 151 | 2.2% | |
| -0.6 to -0.5 | 150 | 2.2% | |
| -0.5 to -0.4 | 312 | 4.6% | |
| -0.4 to -0.3 | 311 | 4.6% | |
| -0.3 to -0.2 | 490 | 7.2% | |
| -0.2 to -0.1 | 489 | 7.2% | |
| -0.1 to 0.0 | 612 | 9.0% | |
| 0.0 to 0.1 | 612 | 9.0% | |
| 0.1 to 0.2 | 604 | 8.9% | |
| 0.2 to 0.3 | 604 | 8.9% | |
| 0.3 to 0.4 | 608 | 8.9% | |
| 0.4 to 0.5 | 608 | 8.9% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 450 | 6.6% | |
| 0.7 to 0.8 | 156 | 2.3% | |
| 0.8 to 0.9 | 156 | 2.3% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of CATY?
Cathay General Bancorp (CATY) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CATY positively correlated with other stocks?
Mostly yes — 62.8% of pairs are positive and 37.2% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for CATY?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 50.1% of all pairs.
Explore the full interactive correlation distribution for CATY.
Open interactive dashboard →