First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) Correlation Distribution
Across 6,781 rolling correlation observations between First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) and other NASDAQ-listed stocks, 77.3% are positive and 22.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,781
- Mean correlation
- 0.268
- Most common range
- 0.3 to 0.4
- Positive pairs
- 77.3%
- Strong positive (≥0.7)
- 11.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 101 | 1.5% | |
| -0.6 to -0.5 | 100 | 1.5% | |
| -0.5 to -0.4 | 177 | 2.6% | |
| -0.4 to -0.3 | 176 | 2.6% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 404 | 6.0% | |
| 0.0 to 0.1 | 404 | 6.0% | |
| 0.1 to 0.2 | 673 | 9.9% | |
| 0.2 to 0.3 | 673 | 9.9% | |
| 0.3 to 0.4 | 747 | 11.0% | |
| 0.4 to 0.5 | 746 | 11.0% | |
| 0.5 to 0.6 | 612 | 9.0% | |
| 0.6 to 0.7 | 612 | 9.0% | |
| 0.7 to 0.8 | 372 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of FCNCO?
First Citizens BancShares, Inc. 5.625% Non-Cumulative Perpetual Preferred Stock, Series C (FCNCO) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,781 pairwise observations.
Is FCNCO positively correlated with other stocks?
Mostly yes — 77.3% of pairs are positive and 22.7% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for FCNCO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.7% of all pairs.
Explore the full interactive correlation distribution for FCNCO.
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