FIRST GUARANTY BANCSHARES INC (FGBI) Correlation Distribution
Across 6,809 rolling correlation observations between FIRST GUARANTY BANCSHARES INC (FGBI) and other NASDAQ-listed stocks, 63.5% are positive and 36.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.114, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.114
- Most common range
- 0.1 to 0.2
- Positive pairs
- 63.5%
- Strong positive (≥0.7)
- 6.9%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 94 | 1.4% | |
| -0.8 to -0.7 | 94 | 1.4% | |
| -0.7 to -0.6 | 309 | 4.5% | |
| -0.6 to -0.5 | 309 | 4.5% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 296 | 4.3% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 413 | 6.1% | |
| 0.0 to 0.1 | 412 | 6.1% | |
| 0.1 to 0.2 | 644 | 9.5% | |
| 0.2 to 0.3 | 644 | 9.5% | |
| 0.3 to 0.4 | 612 | 9.0% | |
| 0.4 to 0.5 | 612 | 9.0% | |
| 0.5 to 0.6 | 466 | 6.8% | |
| 0.6 to 0.7 | 465 | 6.8% | |
| 0.7 to 0.8 | 225 | 3.3% | |
| 0.8 to 0.9 | 225 | 3.3% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of FGBI?
FIRST GUARANTY BANCSHARES INC (FGBI) has an average correlation of about 0.114 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FGBI positively correlated with other stocks?
Mostly yes — 63.5% of pairs are positive and 36.5% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for FGBI?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 40.5% of all pairs.
Explore the full interactive correlation distribution for FGBI.
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