ECB Bancorp, Inc. Common Stock (ECBK) Correlation Distribution
Across 6,617 rolling correlation observations between ECB Bancorp, Inc. Common Stock (ECBK) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.119, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,617
- Mean correlation
- 0.119
- Most common range
- 0.1 to 0.2
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 3.4%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 141 | 2.1% | |
| -0.6 to -0.5 | 140 | 2.1% | |
| -0.5 to -0.4 | 296 | 4.5% | |
| -0.4 to -0.3 | 296 | 4.5% | |
| -0.3 to -0.2 | 404 | 6.1% | |
| -0.2 to -0.1 | 403 | 6.1% | |
| -0.1 to 0.0 | 588 | 8.9% | |
| 0.0 to 0.1 | 587 | 8.9% | |
| 0.1 to 0.2 | 781 | 11.8% | |
| 0.2 to 0.3 | 781 | 11.8% | |
| 0.3 to 0.4 | 625 | 9.4% | |
| 0.4 to 0.5 | 624 | 9.4% | |
| 0.5 to 0.6 | 336 | 5.1% | |
| 0.6 to 0.7 | 336 | 5.1% | |
| 0.7 to 0.8 | 114 | 1.7% | |
| 0.8 to 0.9 | 113 | 1.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ECBK?
ECB Bancorp, Inc. Common Stock (ECBK) has an average correlation of about 0.119 with other NASDAQ stocks, based on 6,617 pairwise observations.
Is ECBK positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for ECBK?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 53.6% of all pairs.
Explore the full interactive correlation distribution for ECBK.
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