Farmers National Banc Corp (FMNB) Correlation Distribution
Across 6,809 rolling correlation observations between Farmers National Banc Corp (FMNB) and other NASDAQ-listed stocks, 77.4% are positive and 22.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.288, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.288
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.4%
- Strong positive (≥0.7)
- 10.5%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 59 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 123 | 1.8% | |
| -0.4 to -0.3 | 122 | 1.8% | |
| -0.3 to -0.2 | 326 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 473 | 6.9% | |
| 0.0 to 0.1 | 472 | 6.9% | |
| 0.1 to 0.2 | 545 | 8.0% | |
| 0.2 to 0.3 | 545 | 8.0% | |
| 0.3 to 0.4 | 720 | 10.6% | |
| 0.4 to 0.5 | 720 | 10.6% | |
| 0.5 to 0.6 | 778 | 11.4% | |
| 0.6 to 0.7 | 777 | 11.4% | |
| 0.7 to 0.8 | 349 | 5.1% | |
| 0.8 to 0.9 | 348 | 5.1% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of FMNB?
Farmers National Banc Corp (FMNB) has an average correlation of about 0.288 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FMNB positively correlated with other stocks?
Mostly yes — 77.4% of pairs are positive and 22.6% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for FMNB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.5% of all pairs.
Explore the full interactive correlation distribution for FMNB.
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