Finward Bancorp Common Stock (FNWD) Correlation Distribution
Across 6,763 rolling correlation observations between Finward Bancorp Common Stock (FNWD) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.8% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,763
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 31.8%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 213 | 3.1% | |
| -0.6 to -0.5 | 212 | 3.1% | |
| -0.5 to -0.4 | 306 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 267 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 260 | 3.8% | |
| 0.0 to 0.1 | 259 | 3.8% | |
| 0.1 to 0.2 | 265 | 3.9% | |
| 0.2 to 0.3 | 265 | 3.9% | |
| 0.3 to 0.4 | 329 | 4.9% | |
| 0.4 to 0.5 | 328 | 4.8% | |
| 0.5 to 0.6 | 551 | 8.1% | |
| 0.6 to 0.7 | 550 | 8.1% | |
| 0.7 to 0.8 | 1,014 | 15.0% | |
| 0.8 to 0.9 | 1,013 | 15.0% | |
| 0.9 to 1.0 | 126 | 1.9% |
Frequently asked questions
What is the average correlation of FNWD?
Finward Bancorp Common Stock (FNWD) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,763 pairwise observations.
Is FNWD positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 31.8%.
What is the most common correlation range for FNWD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for FNWD.
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