Financial Institutions Inc (FISI) Correlation Distribution
Across 6,809 rolling correlation observations between Financial Institutions Inc (FISI) and other NASDAQ-listed stocks, 78% are positive and 22% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- 0.291
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78%
- Strong positive (≥0.7)
- 11.6%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 129 | 1.9% | |
| -0.4 to -0.3 | 128 | 1.9% | |
| -0.3 to -0.2 | 257 | 3.8% | |
| -0.2 to -0.1 | 257 | 3.8% | |
| -0.1 to 0.0 | 435 | 6.4% | |
| 0.0 to 0.1 | 435 | 6.4% | |
| 0.1 to 0.2 | 525 | 7.7% | |
| 0.2 to 0.3 | 524 | 7.7% | |
| 0.3 to 0.4 | 708 | 10.4% | |
| 0.4 to 0.5 | 707 | 10.4% | |
| 0.5 to 0.6 | 810 | 11.9% | |
| 0.6 to 0.7 | 810 | 11.9% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of FISI?
Financial Institutions Inc (FISI) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FISI positively correlated with other stocks?
Mostly yes — 78% of pairs are positive and 22% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for FISI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35.7% of all pairs.
Explore the full interactive correlation distribution for FISI.
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