Finance of America Companies Inc. (FOA) Correlation Distribution
Across 6,806 rolling correlation observations between Finance of America Companies Inc. (FOA) and other NASDAQ-listed stocks, 72.5% are positive and 27.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.342, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,806
- Mean correlation
- 0.342
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.5%
- Strong positive (≥0.7)
- 35%
- Sector
- Mortgage Bankers & Loan Correspondents
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 199 | 2.9% | |
| -0.6 to -0.5 | 199 | 2.9% | |
| -0.5 to -0.4 | 274 | 4.0% | |
| -0.4 to -0.3 | 273 | 4.0% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 266 | 3.9% | |
| 0.0 to 0.1 | 265 | 3.9% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 361 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 502 | 7.4% | |
| 0.6 to 0.7 | 502 | 7.4% | |
| 0.7 to 0.8 | 916 | 13.5% | |
| 0.8 to 0.9 | 915 | 13.4% | |
| 0.9 to 1.0 | 548 | 8.1% |
Frequently asked questions
What is the average correlation of FOA?
Finance of America Companies Inc. (FOA) has an average correlation of about 0.342 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FOA positively correlated with other stocks?
Mostly yes — 72.5% of pairs are positive and 27.5% are negative. Strong positive correlations (≥0.7) make up 35%.
What is the most common correlation range for FOA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for FOA.
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