Esquire Financial Holdings, Inc. Common Stock (ESQ) Correlation Distribution
Across 6,809 rolling correlation observations between Esquire Financial Holdings, Inc. Common Stock (ESQ) and other NASDAQ-listed stocks, 37.7% are positive and 62.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.132, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 17.6%.
- Total observations
- 6,809
- Mean correlation
- -0.132
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.7%
- Strong positive (≥0.7)
- 15.6%
- Sector
- Commercial Banks, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 29 | 0.4% | |
| -0.9 to -0.8 | 586 | 8.6% | |
| -0.8 to -0.7 | 586 | 8.6% | |
| -0.7 to -0.6 | 804 | 11.8% | |
| -0.6 to -0.5 | 804 | 11.8% | |
| -0.5 to -0.4 | 378 | 5.6% | |
| -0.4 to -0.3 | 377 | 5.5% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 181 | 2.7% | |
| 0.2 to 0.3 | 181 | 2.7% | |
| 0.3 to 0.4 | 206 | 3.0% | |
| 0.4 to 0.5 | 205 | 3.0% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 259 | 3.8% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 428 | 6.3% | |
| 0.9 to 1.0 | 206 | 3.0% |
Frequently asked questions
What is the average correlation of ESQ?
Esquire Financial Holdings, Inc. Common Stock (ESQ) has an average correlation of about -0.132 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ESQ positively correlated with other stocks?
Not predominantly — 37.7% of pairs are positive and 62.3% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for ESQ?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for ESQ.
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