CNB Financial Corp/PA (CCNE) Correlation Distribution
Across 6,809 rolling correlation observations between CNB Financial Corp/PA (CCNE) and other NASDAQ-listed stocks, 76.6% are positive and 23.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.213, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.213
- Most common range
- 0.1 to 0.2
- Positive pairs
- 76.6%
- Strong positive (≥0.7)
- 5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 127 | 1.9% | |
| -0.4 to -0.3 | 126 | 1.9% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 265 | 3.9% | |
| -0.1 to 0.0 | 558 | 8.2% | |
| 0.0 to 0.1 | 558 | 8.2% | |
| 0.1 to 0.2 | 886 | 13.0% | |
| 0.2 to 0.3 | 886 | 13.0% | |
| 0.3 to 0.4 | 820 | 12.0% | |
| 0.4 to 0.5 | 820 | 12.0% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 452 | 6.6% | |
| 0.7 to 0.8 | 162 | 2.4% | |
| 0.8 to 0.9 | 161 | 2.4% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of CCNE?
CNB Financial Corp/PA (CCNE) has an average correlation of about 0.213 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CCNE positively correlated with other stocks?
Mostly yes — 76.6% of pairs are positive and 23.4% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for CCNE?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 50.2% of all pairs.
Explore the full interactive correlation distribution for CCNE.
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