First Business Financial Services, Inc. (FBIZ) Correlation Distribution
Across 6,809 rolling correlation observations between First Business Financial Services, Inc. (FBIZ) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.079, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- -0.079
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 14%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 348 | 5.1% | |
| -0.8 to -0.7 | 347 | 5.1% | |
| -0.7 to -0.6 | 705 | 10.4% | |
| -0.6 to -0.5 | 704 | 10.3% | |
| -0.5 to -0.4 | 523 | 7.7% | |
| -0.4 to -0.3 | 522 | 7.7% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 257 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 253 | 3.7% | |
| 0.4 to 0.5 | 253 | 3.7% | |
| 0.5 to 0.6 | 279 | 4.1% | |
| 0.6 to 0.7 | 279 | 4.1% | |
| 0.7 to 0.8 | 427 | 6.3% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 101 | 1.5% |
Frequently asked questions
What is the average correlation of FBIZ?
First Business Financial Services, Inc. (FBIZ) has an average correlation of about -0.079 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FBIZ positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for FBIZ?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for FBIZ.
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