First Citizens BancShares Inc (FCNCA) Correlation Distribution
Across 6,809 rolling correlation observations between First Citizens BancShares Inc (FCNCA) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,809
- Mean correlation
- -0.086
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 16.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 355 | 5.2% | |
| -0.8 to -0.7 | 354 | 5.2% | |
| -0.7 to -0.6 | 796 | 11.7% | |
| -0.6 to -0.5 | 795 | 11.7% | |
| -0.5 to -0.4 | 543 | 8.0% | |
| -0.4 to -0.3 | 542 | 8.0% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 222 | 3.3% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 187 | 2.7% | |
| 0.2 to 0.3 | 186 | 2.7% | |
| 0.3 to 0.4 | 198 | 2.9% | |
| 0.4 to 0.5 | 198 | 2.9% | |
| 0.5 to 0.6 | 258 | 3.8% | |
| 0.6 to 0.7 | 258 | 3.8% | |
| 0.7 to 0.8 | 398 | 5.8% | |
| 0.8 to 0.9 | 398 | 5.8% | |
| 0.9 to 1.0 | 330 | 4.8% |
Frequently asked questions
What is the average correlation of FCNCA?
First Citizens BancShares Inc (FCNCA) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FCNCA positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for FCNCA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for FCNCA.
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