Primis Financial Corp. Common Stock (FRST) Correlation Distribution
Across 6,806 rolling correlation observations between Primis Financial Corp. Common Stock (FRST) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.312, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25.8% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,806
- Mean correlation
- 0.312
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 25.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 43 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 190 | 2.8% | |
| -0.6 to -0.5 | 189 | 2.8% | |
| -0.5 to -0.4 | 305 | 4.5% | |
| -0.4 to -0.3 | 305 | 4.5% | |
| -0.3 to -0.2 | 283 | 4.2% | |
| -0.2 to -0.1 | 283 | 4.2% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 240 | 3.5% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 380 | 5.6% | |
| 0.4 to 0.5 | 380 | 5.6% | |
| 0.5 to 0.6 | 812 | 11.9% | |
| 0.6 to 0.7 | 812 | 11.9% | |
| 0.7 to 0.8 | 867 | 12.7% | |
| 0.8 to 0.9 | 866 | 12.7% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of FRST?
Primis Financial Corp. Common Stock (FRST) has an average correlation of about 0.312 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FRST positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 25.8%.
What is the most common correlation range for FRST?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for FRST.
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