Fifth Third Bancorp Depositary Shares each representing 1/40th share of Fifth Third 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (FITBP) Correlation Distribution
Across 6,809 rolling correlation observations between Fifth Third Bancorp Depositary Shares each representing 1/40th share of Fifth Third 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (FITBP) 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 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.269
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 23.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 35 | 0.5% | |
| -0.7 to -0.6 | 195 | 2.9% | |
| -0.6 to -0.5 | 195 | 2.9% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 339 | 5.0% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 366 | 5.4% | |
| -0.1 to 0.0 | 267 | 3.9% | |
| 0.0 to 0.1 | 266 | 3.9% | |
| 0.1 to 0.2 | 315 | 4.6% | |
| 0.2 to 0.3 | 314 | 4.6% | |
| 0.3 to 0.4 | 422 | 6.2% | |
| 0.4 to 0.5 | 422 | 6.2% | |
| 0.5 to 0.6 | 670 | 9.8% | |
| 0.6 to 0.7 | 669 | 9.8% | |
| 0.7 to 0.8 | 789 | 11.6% | |
| 0.8 to 0.9 | 789 | 11.6% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of FITBP?
Fifth Third Bancorp Depositary Shares each representing 1/40th share of Fifth Third 6.00% Non-Cumulative Perpetual Class B Preferred Stock, Series A (FITBP) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FITBP 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 23.4%.
What is the most common correlation range for FITBP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for FITBP.
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