Community West Bancshares Common Stock (CWBC) Correlation Distribution
Across 6,783 rolling correlation observations between Community West Bancshares Common Stock (CWBC) and other NASDAQ-listed stocks, 41.3% are positive and 58.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.047, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,783
- Mean correlation
- -0.047
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.3%
- Strong positive (≥0.7)
- 14.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 194 | 2.9% | |
| -0.8 to -0.7 | 194 | 2.9% | |
| -0.7 to -0.6 | 677 | 10.0% | |
| -0.6 to -0.5 | 676 | 10.0% | |
| -0.5 to -0.4 | 606 | 8.9% | |
| -0.4 to -0.3 | 605 | 8.9% | |
| -0.3 to -0.2 | 383 | 5.6% | |
| -0.2 to -0.1 | 383 | 5.6% | |
| -0.1 to 0.0 | 261 | 3.8% | |
| 0.0 to 0.1 | 260 | 3.8% | |
| 0.1 to 0.2 | 244 | 3.6% | |
| 0.2 to 0.3 | 243 | 3.6% | |
| 0.3 to 0.4 | 229 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 310 | 4.6% | |
| 0.6 to 0.7 | 310 | 4.6% | |
| 0.7 to 0.8 | 463 | 6.8% | |
| 0.8 to 0.9 | 463 | 6.8% | |
| 0.9 to 1.0 | 53 | 0.8% |
Frequently asked questions
What is the average correlation of CWBC?
Community West Bancshares Common Stock (CWBC) has an average correlation of about -0.047 with other NASDAQ stocks, based on 6,783 pairwise observations.
Is CWBC positively correlated with other stocks?
Not predominantly — 41.3% of pairs are positive and 58.7% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for CWBC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for CWBC.
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