Franklin Financial Services Corporation Common Stock (FRAF) Correlation Distribution
Across 6,792 rolling correlation observations between Franklin Financial Services Corporation Common Stock (FRAF) and other NASDAQ-listed stocks, 59.6% are positive and 40.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.4% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,792
- Mean correlation
- 0.089
- Most common range
- -0.1 to 0.0
- Positive pairs
- 59.6%
- Strong positive (≥0.7)
- 1.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 104 | 1.5% | |
| -0.6 to -0.5 | 104 | 1.5% | |
| -0.5 to -0.4 | 344 | 5.1% | |
| -0.4 to -0.3 | 343 | 5.1% | |
| -0.3 to -0.2 | 575 | 8.5% | |
| -0.2 to -0.1 | 574 | 8.5% | |
| -0.1 to 0.0 | 693 | 10.2% | |
| 0.0 to 0.1 | 692 | 10.2% | |
| 0.1 to 0.2 | 674 | 9.9% | |
| 0.2 to 0.3 | 673 | 9.9% | |
| 0.3 to 0.4 | 627 | 9.2% | |
| 0.4 to 0.5 | 626 | 9.2% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 328 | 4.8% | |
| 0.7 to 0.8 | 49 | 0.7% | |
| 0.8 to 0.9 | 49 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FRAF?
Franklin Financial Services Corporation Common Stock (FRAF) has an average correlation of about 0.089 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is FRAF positively correlated with other stocks?
Mostly yes — 59.6% of pairs are positive and 40.4% are negative. Strong positive correlations (≥0.7) make up 1.4%.
What is the most common correlation range for FRAF?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 57.1% of all pairs.
Explore the full interactive correlation distribution for FRAF.
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