Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) Correlation Distribution
Across 6,808 rolling correlation observations between Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.323, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.1% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,808
- Mean correlation
- 0.323
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 37.1%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 131 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 261 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 257 | 3.8% | |
| -0.4 to -0.3 | 257 | 3.8% | |
| -0.3 to -0.2 | 222 | 3.3% | |
| -0.2 to -0.1 | 221 | 3.2% | |
| -0.1 to 0.0 | 222 | 3.3% | |
| 0.0 to 0.1 | 221 | 3.2% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 244 | 3.6% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 296 | 4.3% | |
| 0.5 to 0.6 | 508 | 7.5% | |
| 0.6 to 0.7 | 508 | 7.5% | |
| 0.7 to 0.8 | 1,091 | 16.0% | |
| 0.8 to 0.9 | 1,091 | 16.0% | |
| 0.9 to 1.0 | 345 | 5.1% |
Frequently asked questions
What is the average correlation of FULTP?
Fulton Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (FULTP) has an average correlation of about 0.323 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is FULTP positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 37.1%.
What is the most common correlation range for FULTP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for FULTP.
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