CF Bankshares Inc. Common Stock (CFBK) Correlation Distribution
Across 6,745 rolling correlation observations between CF Bankshares Inc. Common Stock (CFBK) and other NASDAQ-listed stocks, 53% are positive and 47% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,745
- Mean correlation
- 0.074
- Most common range
- -0.3 to -0.2
- Positive pairs
- 53%
- Strong positive (≥0.7)
- 5.9%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 211 | 3.1% | |
| -0.6 to -0.5 | 211 | 3.1% | |
| -0.5 to -0.4 | 456 | 6.8% | |
| -0.4 to -0.3 | 456 | 6.8% | |
| -0.3 to -0.2 | 607 | 9.0% | |
| -0.2 to -0.1 | 607 | 9.0% | |
| -0.1 to 0.0 | 582 | 8.6% | |
| 0.0 to 0.1 | 582 | 8.6% | |
| 0.1 to 0.2 | 390 | 5.8% | |
| 0.2 to 0.3 | 389 | 5.8% | |
| 0.3 to 0.4 | 424 | 6.3% | |
| 0.4 to 0.5 | 423 | 6.3% | |
| 0.5 to 0.6 | 484 | 7.2% | |
| 0.6 to 0.7 | 483 | 7.2% | |
| 0.7 to 0.8 | 196 | 2.9% | |
| 0.8 to 0.9 | 196 | 2.9% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of CFBK?
CF Bankshares Inc. Common Stock (CFBK) has an average correlation of about 0.074 with other NASDAQ stocks, based on 6,745 pairwise observations.
Is CFBK positively correlated with other stocks?
Mostly yes — 53% of pairs are positive and 47% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for CFBK?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.8% of all pairs.
Explore the full interactive correlation distribution for CFBK.
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