First Merchants Corporation Depository Shares (FRMEP) Correlation Distribution
Across 6,423 rolling correlation observations between First Merchants Corporation Depository Shares (FRMEP) and other NASDAQ-listed stocks, 74.9% are positive and 25.1% 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 6.2% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,423
- Mean correlation
- 0.229
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.9%
- Strong positive (≥0.7)
- 6.2%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 75 | 1.2% | |
| -0.6 to -0.5 | 75 | 1.2% | |
| -0.5 to -0.4 | 191 | 3.0% | |
| -0.4 to -0.3 | 190 | 3.0% | |
| -0.3 to -0.2 | 293 | 4.6% | |
| -0.2 to -0.1 | 292 | 4.5% | |
| -0.1 to 0.0 | 468 | 7.3% | |
| 0.0 to 0.1 | 468 | 7.3% | |
| 0.1 to 0.2 | 669 | 10.4% | |
| 0.2 to 0.3 | 668 | 10.4% | |
| 0.3 to 0.4 | 736 | 11.5% | |
| 0.4 to 0.5 | 735 | 11.4% | |
| 0.5 to 0.6 | 567 | 8.8% | |
| 0.6 to 0.7 | 567 | 8.8% | |
| 0.7 to 0.8 | 198 | 3.1% | |
| 0.8 to 0.9 | 198 | 3.1% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of FRMEP?
First Merchants Corporation Depository Shares (FRMEP) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,423 pairwise observations.
Is FRMEP positively correlated with other stocks?
Mostly yes — 74.9% of pairs are positive and 25.1% are negative. Strong positive correlations (≥0.7) make up 6.2%.
What is the most common correlation range for FRMEP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 44.5% of all pairs.
Explore the full interactive correlation distribution for FRMEP.
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