East-West Bancorp Inc (EWBC) Correlation Distribution
Across 6,809 rolling correlation observations between East-West Bancorp Inc (EWBC) and other NASDAQ-listed stocks, 60.5% are positive and 39.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.146, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.146
- Most common range
- -0.1 to 0.0
- Positive pairs
- 60.5%
- Strong positive (≥0.7)
- 9.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 153 | 2.2% | |
| -0.6 to -0.5 | 153 | 2.2% | |
| -0.5 to -0.4 | 338 | 5.0% | |
| -0.4 to -0.3 | 338 | 5.0% | |
| -0.3 to -0.2 | 507 | 7.4% | |
| -0.2 to -0.1 | 507 | 7.4% | |
| -0.1 to 0.0 | 604 | 8.9% | |
| 0.0 to 0.1 | 603 | 8.9% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 438 | 6.4% | |
| 0.4 to 0.5 | 438 | 6.4% | |
| 0.5 to 0.6 | 565 | 8.3% | |
| 0.6 to 0.7 | 564 | 8.3% | |
| 0.7 to 0.8 | 298 | 4.4% | |
| 0.8 to 0.9 | 297 | 4.4% | |
| 0.9 to 1.0 | 42 | 0.6% |
Frequently asked questions
What is the average correlation of EWBC?
East-West Bancorp Inc (EWBC) has an average correlation of about 0.146 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EWBC positively correlated with other stocks?
Mostly yes — 60.5% of pairs are positive and 39.5% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for EWBC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 45.5% of all pairs.
Explore the full interactive correlation distribution for EWBC.
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