Eastern Bankshares, Inc. Common Stock (EBC) Correlation Distribution
Across 6,808 rolling correlation observations between Eastern Bankshares, Inc. Common Stock (EBC) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,808
- Mean correlation
- 0.249
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 8.7%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 122 | 1.8% | |
| -0.6 to -0.5 | 121 | 1.8% | |
| -0.5 to -0.4 | 269 | 4.0% | |
| -0.4 to -0.3 | 269 | 4.0% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 313 | 4.6% | |
| -0.1 to 0.0 | 308 | 4.5% | |
| 0.0 to 0.1 | 308 | 4.5% | |
| 0.1 to 0.2 | 423 | 6.2% | |
| 0.2 to 0.3 | 423 | 6.2% | |
| 0.3 to 0.4 | 705 | 10.4% | |
| 0.4 to 0.5 | 705 | 10.4% | |
| 0.5 to 0.6 | 901 | 13.2% | |
| 0.6 to 0.7 | 901 | 13.2% | |
| 0.7 to 0.8 | 286 | 4.2% | |
| 0.8 to 0.9 | 285 | 4.2% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of EBC?
Eastern Bankshares, Inc. Common Stock (EBC) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is EBC positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for EBC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.7% of all pairs.
Explore the full interactive correlation distribution for EBC.
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