FRBK (FRBK) Correlation Distribution
Across 6,760 rolling correlation observations between FRBK (FRBK) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.3% and strong negative correlations (≤−0.7) for 7.5%.
- Total observations
- 6,760
- Mean correlation
- 0.247
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 19.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 125 | 1.8% | |
| -0.9 to -0.8 | 191 | 2.8% | |
| -0.8 to -0.7 | 191 | 2.8% | |
| -0.7 to -0.6 | 230 | 3.4% | |
| -0.6 to -0.5 | 229 | 3.4% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 186 | 2.8% | |
| -0.2 to -0.1 | 186 | 2.8% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 259 | 3.8% | |
| 0.2 to 0.3 | 259 | 3.8% | |
| 0.3 to 0.4 | 524 | 7.8% | |
| 0.4 to 0.5 | 524 | 7.8% | |
| 0.5 to 0.6 | 857 | 12.7% | |
| 0.6 to 0.7 | 856 | 12.7% | |
| 0.7 to 0.8 | 588 | 8.7% | |
| 0.8 to 0.9 | 588 | 8.7% | |
| 0.9 to 1.0 | 128 | 1.9% |
Frequently asked questions
What is the average correlation of FRBK?
FRBK (FRBK) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,760 pairwise observations.
Is FRBK positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 19.3%.
What is the most common correlation range for FRBK?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for FRBK.
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