CHOICEONE FINANCIAL (COFS) Correlation Distribution
Across 6,808 rolling correlation observations between CHOICEONE FINANCIAL (COFS) and other NASDAQ-listed stocks, 53.6% are positive and 46.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.044, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,808
- Mean correlation
- 0.044
- Most common range
- -0.1 to 0.0
- Positive pairs
- 53.6%
- Strong positive (≥0.7)
- 1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 128 | 1.9% | |
| -0.6 to -0.5 | 128 | 1.9% | |
| -0.5 to -0.4 | 390 | 5.7% | |
| -0.4 to -0.3 | 390 | 5.7% | |
| -0.3 to -0.2 | 634 | 9.3% | |
| -0.2 to -0.1 | 633 | 9.3% | |
| -0.1 to 0.0 | 851 | 12.5% | |
| 0.0 to 0.1 | 851 | 12.5% | |
| 0.1 to 0.2 | 593 | 8.7% | |
| 0.2 to 0.3 | 593 | 8.7% | |
| 0.3 to 0.4 | 490 | 7.2% | |
| 0.4 to 0.5 | 489 | 7.2% | |
| 0.5 to 0.6 | 282 | 4.1% | |
| 0.6 to 0.7 | 282 | 4.1% | |
| 0.7 to 0.8 | 36 | 0.5% | |
| 0.8 to 0.9 | 35 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of COFS?
CHOICEONE FINANCIAL (COFS) has an average correlation of about 0.044 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is COFS positively correlated with other stocks?
Mostly yes — 53.6% of pairs are positive and 46.4% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for COFS?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 61% of all pairs.
Explore the full interactive correlation distribution for COFS.
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