Fidelity D & D Bancorp, Inc. Common Stock (FDBC) Correlation Distribution
Across 6,807 rolling correlation observations between Fidelity D & D Bancorp, Inc. Common Stock (FDBC) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,807
- Mean correlation
- 0.197
- Most common range
- 0.3 to 0.4
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 0.6%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 33 | 0.5% | |
| -0.6 to -0.5 | 33 | 0.5% | |
| -0.5 to -0.4 | 195 | 2.9% | |
| -0.4 to -0.3 | 195 | 2.9% | |
| -0.3 to -0.2 | 483 | 7.1% | |
| -0.2 to -0.1 | 483 | 7.1% | |
| -0.1 to 0.0 | 594 | 8.7% | |
| 0.0 to 0.1 | 593 | 8.7% | |
| 0.1 to 0.2 | 583 | 8.6% | |
| 0.2 to 0.3 | 583 | 8.6% | |
| 0.3 to 0.4 | 806 | 11.8% | |
| 0.4 to 0.5 | 806 | 11.8% | |
| 0.5 to 0.6 | 689 | 10.1% | |
| 0.6 to 0.7 | 688 | 10.1% | |
| 0.7 to 0.8 | 20 | 0.3% | |
| 0.8 to 0.9 | 19 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FDBC?
Fidelity D & D Bancorp, Inc. Common Stock (FDBC) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is FDBC positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for FDBC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 48.8% of all pairs.
Explore the full interactive correlation distribution for FDBC.
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