Farmers & Merchants Bancorp, Inc. (FMAO) Correlation Distribution
Across 6,809 rolling correlation observations between Farmers & Merchants Bancorp, Inc. (FMAO) and other NASDAQ-listed stocks, 59% are positive and 41% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.086
- Most common range
- -0.1 to 0.0
- Positive pairs
- 59%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 76 | 1.1% | |
| -0.6 to -0.5 | 75 | 1.1% | |
| -0.5 to -0.4 | 204 | 3.0% | |
| -0.4 to -0.3 | 204 | 3.0% | |
| -0.3 to -0.2 | 611 | 9.0% | |
| -0.2 to -0.1 | 611 | 9.0% | |
| -0.1 to 0.0 | 956 | 14.0% | |
| 0.0 to 0.1 | 956 | 14.0% | |
| 0.1 to 0.2 | 682 | 10.0% | |
| 0.2 to 0.3 | 682 | 10.0% | |
| 0.3 to 0.4 | 475 | 7.0% | |
| 0.4 to 0.5 | 475 | 7.0% | |
| 0.5 to 0.6 | 304 | 4.5% | |
| 0.6 to 0.7 | 303 | 4.4% | |
| 0.7 to 0.8 | 70 | 1.0% | |
| 0.8 to 0.9 | 70 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FMAO?
Farmers & Merchants Bancorp, Inc. (FMAO) has an average correlation of about 0.086 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FMAO positively correlated with other stocks?
Mostly yes — 59% of pairs are positive and 41% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for FMAO?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 66.1% of all pairs.
Explore the full interactive correlation distribution for FMAO.
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