Enterprise Financial Services Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 5% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (EFSCP) Correlation Distribution
Across 6,782 rolling correlation observations between Enterprise Financial Services Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 5% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (EFSCP) and other NASDAQ-listed stocks, 75.6% are positive and 24.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21.3% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,782
- Mean correlation
- 0.314
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.6%
- Strong positive (≥0.7)
- 21.3%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 119 | 1.8% | |
| -0.6 to -0.5 | 119 | 1.8% | |
| -0.5 to -0.4 | 191 | 2.8% | |
| -0.4 to -0.3 | 190 | 2.8% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 262 | 3.9% | |
| -0.1 to 0.0 | 411 | 6.1% | |
| 0.0 to 0.1 | 411 | 6.1% | |
| 0.1 to 0.2 | 412 | 6.1% | |
| 0.2 to 0.3 | 411 | 6.1% | |
| 0.3 to 0.4 | 501 | 7.4% | |
| 0.4 to 0.5 | 500 | 7.4% | |
| 0.5 to 0.6 | 723 | 10.7% | |
| 0.6 to 0.7 | 723 | 10.7% | |
| 0.7 to 0.8 | 671 | 9.9% | |
| 0.8 to 0.9 | 671 | 9.9% | |
| 0.9 to 1.0 | 105 | 1.5% |
Frequently asked questions
What is the average correlation of EFSCP?
Enterprise Financial Services Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 5% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (EFSCP) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,782 pairwise observations.
Is EFSCP positively correlated with other stocks?
Mostly yes — 75.6% of pairs are positive and 24.4% are negative. Strong positive correlations (≥0.7) make up 21.3%.
What is the most common correlation range for EFSCP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32% of all pairs.
Explore the full interactive correlation distribution for EFSCP.
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