Equity Bancshares, Inc. (EQBK) Correlation Distribution
Across 6,809 rolling correlation observations between Equity Bancshares, Inc. (EQBK) and other NASDAQ-listed stocks, 50.9% are positive and 49.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.072, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.072
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50.9%
- Strong positive (≥0.7)
- 11.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 296 | 4.3% | |
| -0.6 to -0.5 | 295 | 4.3% | |
| -0.5 to -0.4 | 518 | 7.6% | |
| -0.4 to -0.3 | 518 | 7.6% | |
| -0.3 to -0.2 | 594 | 8.7% | |
| -0.2 to -0.1 | 594 | 8.7% | |
| -0.1 to 0.0 | 427 | 6.3% | |
| 0.0 to 0.1 | 427 | 6.3% | |
| 0.1 to 0.2 | 337 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 363 | 5.3% | |
| 0.4 to 0.5 | 363 | 5.3% | |
| 0.5 to 0.6 | 423 | 6.2% | |
| 0.6 to 0.7 | 422 | 6.2% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 369 | 5.4% | |
| 0.9 to 1.0 | 55 | 0.8% |
Frequently asked questions
What is the average correlation of EQBK?
Equity Bancshares, Inc. (EQBK) has an average correlation of about 0.072 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EQBK positively correlated with other stocks?
Mostly yes — 50.9% of pairs are positive and 49.1% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for EQBK?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 39.9% of all pairs.
Explore the full interactive correlation distribution for EQBK.
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