FNCB (FNCB) Correlation Distribution
Across 6,696 rolling correlation observations between FNCB (FNCB) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,696
- Mean correlation
- 0.229
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 12.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 99 | 1.5% | |
| -0.6 to -0.5 | 98 | 1.5% | |
| -0.5 to -0.4 | 204 | 3.0% | |
| -0.4 to -0.3 | 203 | 3.0% | |
| -0.3 to -0.2 | 328 | 4.9% | |
| -0.2 to -0.1 | 327 | 4.9% | |
| -0.1 to 0.0 | 426 | 6.4% | |
| 0.0 to 0.1 | 425 | 6.3% | |
| 0.1 to 0.2 | 560 | 8.4% | |
| 0.2 to 0.3 | 560 | 8.4% | |
| 0.3 to 0.4 | 647 | 9.7% | |
| 0.4 to 0.5 | 646 | 9.6% | |
| 0.5 to 0.6 | 580 | 8.7% | |
| 0.6 to 0.7 | 580 | 8.7% | |
| 0.7 to 0.8 | 403 | 6.0% | |
| 0.8 to 0.9 | 402 | 6.0% | |
| 0.9 to 1.0 | 17 | 0.3% |
Frequently asked questions
What is the average correlation of FNCB?
FNCB (FNCB) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,696 pairwise observations.
Is FNCB positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for FNCB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.2% of all pairs.
Explore the full interactive correlation distribution for FNCB.
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