FSNB (FSNB) Correlation Distribution
Across 6,155 rolling correlation observations between FSNB (FSNB) and other NASDAQ-listed stocks, 24% are positive and 76% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.329, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 29%.
- Total observations
- 6,155
- Mean correlation
- -0.329
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24%
- Strong positive (≥0.7)
- 9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 100 | 1.6% | |
| -0.9 to -0.8 | 841 | 13.7% | |
| -0.8 to -0.7 | 841 | 13.7% | |
| -0.7 to -0.6 | 874 | 14.2% | |
| -0.6 to -0.5 | 873 | 14.2% | |
| -0.5 to -0.4 | 326 | 5.3% | |
| -0.4 to -0.3 | 325 | 5.3% | |
| -0.3 to -0.2 | 180 | 2.9% | |
| -0.2 to -0.1 | 180 | 2.9% | |
| -0.1 to 0.0 | 138 | 2.2% | |
| 0.0 to 0.1 | 137 | 2.2% | |
| 0.1 to 0.2 | 116 | 1.9% | |
| 0.2 to 0.3 | 115 | 1.9% | |
| 0.3 to 0.4 | 141 | 2.3% | |
| 0.4 to 0.5 | 141 | 2.3% | |
| 0.5 to 0.6 | 138 | 2.2% | |
| 0.6 to 0.7 | 137 | 2.2% | |
| 0.7 to 0.8 | 178 | 2.9% | |
| 0.8 to 0.9 | 178 | 2.9% | |
| 0.9 to 1.0 | 196 | 3.2% |
Frequently asked questions
What is the average correlation of FSNB?
FSNB (FSNB) has an average correlation of about -0.329 with other NASDAQ stocks, based on 6,155 pairwise observations.
Is FSNB positively correlated with other stocks?
Not predominantly — 24% of pairs are positive and 76% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for FSNB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 14.1% of all pairs.
Explore the full interactive correlation distribution for FSNB.
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