FBMS (FBMS) Correlation Distribution
Across 6,806 rolling correlation observations between FBMS (FBMS) and other NASDAQ-listed stocks, 80.5% are positive and 19.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,806
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 80.5%
- Strong positive (≥0.7)
- 10.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 70 | 1.0% | |
| -0.6 to -0.5 | 69 | 1.0% | |
| -0.5 to -0.4 | 118 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 221 | 3.2% | |
| -0.2 to -0.1 | 220 | 3.2% | |
| -0.1 to 0.0 | 454 | 6.7% | |
| 0.0 to 0.1 | 454 | 6.7% | |
| 0.1 to 0.2 | 600 | 8.8% | |
| 0.2 to 0.3 | 600 | 8.8% | |
| 0.3 to 0.4 | 761 | 11.2% | |
| 0.4 to 0.5 | 761 | 11.2% | |
| 0.5 to 0.6 | 805 | 11.8% | |
| 0.6 to 0.7 | 805 | 11.8% | |
| 0.7 to 0.8 | 346 | 5.1% | |
| 0.8 to 0.9 | 345 | 5.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of FBMS?
FBMS (FBMS) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FBMS positively correlated with other stocks?
Mostly yes — 80.5% of pairs are positive and 19.5% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for FBMS?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.5% of all pairs.
Explore the full interactive correlation distribution for FBMS.
Open interactive dashboard →