CNB Financial Corporation Depositary Shares, each representing a 1/40th ownership interest in a share of 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (CCNEP) Correlation Distribution
Across 6,729 rolling correlation observations between CNB Financial Corporation Depositary Shares, each representing a 1/40th ownership interest in a share of 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (CCNEP) and other NASDAQ-listed stocks, 71.6% are positive and 28.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.274, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,729
- Mean correlation
- 0.274
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.6%
- Strong positive (≥0.7)
- 16.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 65 | 1.0% | |
| -0.7 to -0.6 | 200 | 3.0% | |
| -0.6 to -0.5 | 199 | 3.0% | |
| -0.5 to -0.4 | 296 | 4.4% | |
| -0.4 to -0.3 | 296 | 4.4% | |
| -0.3 to -0.2 | 262 | 3.9% | |
| -0.2 to -0.1 | 262 | 3.9% | |
| -0.1 to 0.0 | 265 | 3.9% | |
| 0.0 to 0.1 | 265 | 3.9% | |
| 0.1 to 0.2 | 302 | 4.5% | |
| 0.2 to 0.3 | 301 | 4.5% | |
| 0.3 to 0.4 | 474 | 7.0% | |
| 0.4 to 0.5 | 474 | 7.0% | |
| 0.5 to 0.6 | 940 | 14.0% | |
| 0.6 to 0.7 | 940 | 14.0% | |
| 0.7 to 0.8 | 557 | 8.3% | |
| 0.8 to 0.9 | 556 | 8.3% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of CCNEP?
CNB Financial Corporation Depositary Shares, each representing a 1/40th ownership interest in a share of 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (CCNEP) has an average correlation of about 0.274 with other NASDAQ stocks, based on 6,729 pairwise observations.
Is CCNEP positively correlated with other stocks?
Mostly yes — 71.6% of pairs are positive and 28.4% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for CCNEP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for CCNEP.
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