First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) Correlation Distribution
Across 6,734 rolling correlation observations between First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) and other NASDAQ-listed stocks, 69.8% are positive and 30.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.272, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.8% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,734
- Mean correlation
- 0.272
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.8%
- Strong positive (≥0.7)
- 24.8%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.4% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 282 | 4.2% | |
| -0.5 to -0.4 | 247 | 3.7% | |
| -0.4 to -0.3 | 247 | 3.7% | |
| -0.3 to -0.2 | 235 | 3.5% | |
| -0.2 to -0.1 | 234 | 3.5% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 333 | 4.9% | |
| 0.4 to 0.5 | 332 | 4.9% | |
| 0.5 to 0.6 | 823 | 12.2% | |
| 0.6 to 0.7 | 823 | 12.2% | |
| 0.7 to 0.8 | 809 | 12.0% | |
| 0.8 to 0.9 | 809 | 12.0% | |
| 0.9 to 1.0 | 51 | 0.8% |
Frequently asked questions
What is the average correlation of FGBIP?
First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (FGBIP) has an average correlation of about 0.272 with other NASDAQ stocks, based on 6,734 pairwise observations.
Is FGBIP positively correlated with other stocks?
Mostly yes — 69.8% of pairs are positive and 30.2% are negative. Strong positive correlations (≥0.7) make up 24.8%.
What is the most common correlation range for FGBIP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for FGBIP.
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