First BanCorp. (FBP) Correlation Distribution
Across 6,809 rolling correlation observations between First BanCorp. (FBP) and other NASDAQ-listed stocks, 42.4% are positive and 57.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.039, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 7.8%.
- Total observations
- 6,809
- Mean correlation
- -0.039
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.4%
- Strong positive (≥0.7)
- 15.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 265 | 3.9% | |
| -0.8 to -0.7 | 264 | 3.9% | |
| -0.7 to -0.6 | 632 | 9.3% | |
| -0.6 to -0.5 | 632 | 9.3% | |
| -0.5 to -0.4 | 558 | 8.2% | |
| -0.4 to -0.3 | 558 | 8.2% | |
| -0.3 to -0.2 | 371 | 5.4% | |
| -0.2 to -0.1 | 371 | 5.4% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 248 | 3.6% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 296 | 4.3% | |
| 0.6 to 0.7 | 296 | 4.3% | |
| 0.7 to 0.8 | 480 | 7.0% | |
| 0.8 to 0.9 | 480 | 7.0% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of FBP?
First BanCorp. (FBP) has an average correlation of about -0.039 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FBP positively correlated with other stocks?
Not predominantly — 42.4% of pairs are positive and 57.6% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for FBP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for FBP.
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