First Bancorp/NC (FBNC) Correlation Distribution
Across 6,809 rolling correlation observations between First Bancorp/NC (FBNC) and other NASDAQ-listed stocks, 77.7% are positive and 22.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.223, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.223
- Most common range
- 0.1 to 0.2
- Positive pairs
- 77.7%
- Strong positive (≥0.7)
- 4.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 90 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 142 | 2.1% | |
| -0.4 to -0.3 | 142 | 2.1% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 500 | 7.3% | |
| 0.0 to 0.1 | 499 | 7.3% | |
| 0.1 to 0.2 | 915 | 13.4% | |
| 0.2 to 0.3 | 914 | 13.4% | |
| 0.3 to 0.4 | 852 | 12.5% | |
| 0.4 to 0.5 | 851 | 12.5% | |
| 0.5 to 0.6 | 475 | 7.0% | |
| 0.6 to 0.7 | 474 | 7.0% | |
| 0.7 to 0.8 | 149 | 2.2% | |
| 0.8 to 0.9 | 149 | 2.2% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of FBNC?
First Bancorp/NC (FBNC) has an average correlation of about 0.223 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FBNC positively correlated with other stocks?
Mostly yes — 77.7% of pairs are positive and 22.3% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for FBNC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 49.2% of all pairs.
Explore the full interactive correlation distribution for FBNC.
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