First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (FCNCP) Correlation Distribution
Across 6,809 rolling correlation observations between First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (FCNCP) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.297, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.297
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 32%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 69 | 1.0% | |
| -0.8 to -0.7 | 68 | 1.0% | |
| -0.7 to -0.6 | 241 | 3.5% | |
| -0.6 to -0.5 | 240 | 3.5% | |
| -0.5 to -0.4 | 324 | 4.8% | |
| -0.4 to -0.3 | 324 | 4.8% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 350 | 5.1% | |
| 0.5 to 0.6 | 527 | 7.7% | |
| 0.6 to 0.7 | 526 | 7.7% | |
| 0.7 to 0.8 | 909 | 13.3% | |
| 0.8 to 0.9 | 908 | 13.3% | |
| 0.9 to 1.0 | 362 | 5.3% |
Frequently asked questions
What is the average correlation of FCNCP?
First Citizens BancShares, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 5.375% Non-Cumulative Perpetual Preferred Stock, Series A (FCNCP) has an average correlation of about 0.297 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FCNCP positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 32%.
What is the most common correlation range for FCNCP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.6% of all pairs.
Explore the full interactive correlation distribution for FCNCP.
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