Dime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A (DCOMP) Correlation Distribution
Across 6,808 rolling correlation observations between Dime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A (DCOMP) and other NASDAQ-listed stocks, 70.5% are positive and 29.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.5% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,808
- Mean correlation
- 0.305
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.5%
- Strong positive (≥0.7)
- 32.5%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 89 | 1.3% | |
| -0.7 to -0.6 | 266 | 3.9% | |
| -0.6 to -0.5 | 265 | 3.9% | |
| -0.5 to -0.4 | 283 | 4.2% | |
| -0.4 to -0.3 | 282 | 4.1% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 593 | 8.7% | |
| 0.6 to 0.7 | 592 | 8.7% | |
| 0.7 to 0.8 | 1,014 | 14.9% | |
| 0.8 to 0.9 | 1,013 | 14.9% | |
| 0.9 to 1.0 | 184 | 2.7% |
Frequently asked questions
What is the average correlation of DCOMP?
Dime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A (DCOMP) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is DCOMP positively correlated with other stocks?
Mostly yes — 70.5% of pairs are positive and 29.5% are negative. Strong positive correlations (≥0.7) make up 32.5%.
What is the most common correlation range for DCOMP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for DCOMP.
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