Coastal Financial Corporation (CCB) Correlation Distribution
Across 6,809 rolling correlation observations between Coastal Financial Corporation (CCB) and other NASDAQ-listed stocks, 41.3% are positive and 58.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.05, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.8% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- -0.05
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.3%
- Strong positive (≥0.7)
- 11.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 686 | 10.1% | |
| -0.6 to -0.5 | 685 | 10.1% | |
| -0.5 to -0.4 | 610 | 9.0% | |
| -0.4 to -0.3 | 609 | 8.9% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 428 | 6.3% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 286 | 4.2% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 307 | 4.5% | |
| 0.6 to 0.7 | 306 | 4.5% | |
| 0.7 to 0.8 | 380 | 5.6% | |
| 0.8 to 0.9 | 380 | 5.6% | |
| 0.9 to 1.0 | 42 | 0.6% |
Frequently asked questions
What is the average correlation of CCB?
Coastal Financial Corporation (CCB) has an average correlation of about -0.05 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CCB positively correlated with other stocks?
Not predominantly — 41.3% of pairs are positive and 58.7% are negative. Strong positive correlations (≥0.7) make up 11.8%.
What is the most common correlation range for CCB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for CCB.
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