ConnectOne Bancorp, Inc. Depositary Shares, each representing a 1/40th interest in a share of 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (CNOBP) Correlation Distribution
Across 6,792 rolling correlation observations between ConnectOne Bancorp, Inc. Depositary Shares, each representing a 1/40th interest in a share of 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (CNOBP) and other NASDAQ-listed stocks, 75.8% are positive and 24.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.311, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.5% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,792
- Mean correlation
- 0.311
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.8%
- Strong positive (≥0.7)
- 20.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 80 | 1.2% | |
| -0.8 to -0.7 | 80 | 1.2% | |
| -0.7 to -0.6 | 138 | 2.0% | |
| -0.6 to -0.5 | 138 | 2.0% | |
| -0.5 to -0.4 | 174 | 2.6% | |
| -0.4 to -0.3 | 174 | 2.6% | |
| -0.3 to -0.2 | 253 | 3.7% | |
| -0.2 to -0.1 | 253 | 3.7% | |
| -0.1 to 0.0 | 354 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 401 | 5.9% | |
| 0.2 to 0.3 | 401 | 5.9% | |
| 0.3 to 0.4 | 474 | 7.0% | |
| 0.4 to 0.5 | 473 | 7.0% | |
| 0.5 to 0.6 | 824 | 12.1% | |
| 0.6 to 0.7 | 824 | 12.1% | |
| 0.7 to 0.8 | 677 | 10.0% | |
| 0.8 to 0.9 | 676 | 10.0% | |
| 0.9 to 1.0 | 42 | 0.6% |
Frequently asked questions
What is the average correlation of CNOBP?
ConnectOne Bancorp, Inc. Depositary Shares, each representing a 1/40th interest in a share of 5.25% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (CNOBP) has an average correlation of about 0.311 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is CNOBP positively correlated with other stocks?
Mostly yes — 75.8% of pairs are positive and 24.2% are negative. Strong positive correlations (≥0.7) make up 20.5%.
What is the most common correlation range for CNOBP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.7% of all pairs.
Explore the full interactive correlation distribution for CNOBP.
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