Eagle Bancorp Inc (EGBN) Correlation Distribution
Across 6,809 rolling correlation observations between Eagle Bancorp Inc (EGBN) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.1% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,809
- Mean correlation
- 0.267
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 23.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 56 | 0.8% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 107 | 1.6% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 265 | 3.9% | |
| -0.5 to -0.4 | 257 | 3.8% | |
| -0.4 to -0.3 | 256 | 3.8% | |
| -0.3 to -0.2 | 201 | 3.0% | |
| -0.2 to -0.1 | 200 | 2.9% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 267 | 3.9% | |
| 0.1 to 0.2 | 308 | 4.5% | |
| 0.2 to 0.3 | 307 | 4.5% | |
| 0.3 to 0.4 | 430 | 6.3% | |
| 0.4 to 0.5 | 430 | 6.3% | |
| 0.5 to 0.6 | 755 | 11.1% | |
| 0.6 to 0.7 | 755 | 11.1% | |
| 0.7 to 0.8 | 737 | 10.8% | |
| 0.8 to 0.9 | 736 | 10.8% | |
| 0.9 to 1.0 | 102 | 1.5% |
Frequently asked questions
What is the average correlation of EGBN?
Eagle Bancorp Inc (EGBN) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EGBN positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 23.1%.
What is the most common correlation range for EGBN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for EGBN.
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