First Community Bankshares, Inc. (VA) (FCBC) Correlation Distribution
Across 6,809 rolling correlation observations between First Community Bankshares, Inc. (VA) (FCBC) and other NASDAQ-listed stocks, 43.9% are positive and 56.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.009, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- -0.009
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.9%
- Strong positive (≥0.7)
- 12.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 568 | 8.3% | |
| -0.6 to -0.5 | 568 | 8.3% | |
| -0.5 to -0.4 | 636 | 9.3% | |
| -0.4 to -0.3 | 635 | 9.3% | |
| -0.3 to -0.2 | 475 | 7.0% | |
| -0.2 to -0.1 | 474 | 7.0% | |
| -0.1 to 0.0 | 319 | 4.7% | |
| 0.0 to 0.1 | 319 | 4.7% | |
| 0.1 to 0.2 | 288 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 267 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 351 | 5.2% | |
| 0.6 to 0.7 | 351 | 5.2% | |
| 0.7 to 0.8 | 418 | 6.1% | |
| 0.8 to 0.9 | 417 | 6.1% | |
| 0.9 to 1.0 | 22 | 0.3% |
Frequently asked questions
What is the average correlation of FCBC?
First Community Bankshares, Inc. (VA) (FCBC) has an average correlation of about -0.009 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FCBC positively correlated with other stocks?
Not predominantly — 43.9% of pairs are positive and 56.1% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for FCBC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for FCBC.
Open interactive dashboard →