Columbia Financial, Inc. Common Stock (CLBK) Correlation Distribution
Across 6,809 rolling correlation observations between Columbia Financial, Inc. Common Stock (CLBK) and other NASDAQ-listed stocks, 57.1% are positive and 42.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.08
- Most common range
- -0.1 to 0.0
- Positive pairs
- 57.1%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 75 | 1.1% | |
| -0.8 to -0.7 | 74 | 1.1% | |
| -0.7 to -0.6 | 158 | 2.3% | |
| -0.6 to -0.5 | 157 | 2.3% | |
| -0.5 to -0.4 | 338 | 5.0% | |
| -0.4 to -0.3 | 337 | 4.9% | |
| -0.3 to -0.2 | 574 | 8.4% | |
| -0.2 to -0.1 | 574 | 8.4% | |
| -0.1 to 0.0 | 632 | 9.3% | |
| 0.0 to 0.1 | 632 | 9.3% | |
| 0.1 to 0.2 | 581 | 8.5% | |
| 0.2 to 0.3 | 580 | 8.5% | |
| 0.3 to 0.4 | 496 | 7.3% | |
| 0.4 to 0.5 | 495 | 7.3% | |
| 0.5 to 0.6 | 400 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 153 | 2.2% | |
| 0.8 to 0.9 | 153 | 2.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CLBK?
Columbia Financial, Inc. Common Stock (CLBK) has an average correlation of about 0.08 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLBK positively correlated with other stocks?
Mostly yes — 57.1% of pairs are positive and 42.9% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for CLBK?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 52.5% of all pairs.
Explore the full interactive correlation distribution for CLBK.
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