First US Bancshares, Inc. Common Stock (FUSB) Correlation Distribution
Across 6,787 rolling correlation observations between First US Bancshares, Inc. Common Stock (FUSB) and other NASDAQ-listed stocks, 63.3% are positive and 36.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.156, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,787
- Mean correlation
- 0.156
- Most common range
- -0.1 to 0.0
- Positive pairs
- 63.3%
- Strong positive (≥0.7)
- 7.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.6% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 116 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 503 | 7.4% | |
| -0.2 to -0.1 | 503 | 7.4% | |
| -0.1 to 0.0 | 639 | 9.4% | |
| 0.0 to 0.1 | 639 | 9.4% | |
| 0.1 to 0.2 | 540 | 8.0% | |
| 0.2 to 0.3 | 539 | 7.9% | |
| 0.3 to 0.4 | 478 | 7.0% | |
| 0.4 to 0.5 | 477 | 7.0% | |
| 0.5 to 0.6 | 546 | 8.0% | |
| 0.6 to 0.7 | 545 | 8.0% | |
| 0.7 to 0.8 | 262 | 3.9% | |
| 0.8 to 0.9 | 261 | 3.8% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of FUSB?
First US Bancshares, Inc. Common Stock (FUSB) has an average correlation of about 0.156 with other NASDAQ stocks, based on 6,787 pairwise observations.
Is FUSB positively correlated with other stocks?
Mostly yes — 63.3% of pairs are positive and 36.7% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for FUSB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 49.6% of all pairs.
Explore the full interactive correlation distribution for FUSB.
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