FIRST NATL CORP STRASBURG VA (FXNC) Correlation Distribution
Across 6,781 rolling correlation observations between FIRST NATL CORP STRASBURG VA (FXNC) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.187, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,781
- Mean correlation
- 0.187
- Most common range
- 0.1 to 0.2
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 3.3%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 60 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 193 | 2.8% | |
| -0.4 to -0.3 | 192 | 2.8% | |
| -0.3 to -0.2 | 383 | 5.6% | |
| -0.2 to -0.1 | 382 | 5.6% | |
| -0.1 to 0.0 | 629 | 9.3% | |
| 0.0 to 0.1 | 628 | 9.3% | |
| 0.1 to 0.2 | 818 | 12.1% | |
| 0.2 to 0.3 | 817 | 12.0% | |
| 0.3 to 0.4 | 746 | 11.0% | |
| 0.4 to 0.5 | 745 | 11.0% | |
| 0.5 to 0.6 | 454 | 6.7% | |
| 0.6 to 0.7 | 453 | 6.7% | |
| 0.7 to 0.8 | 111 | 1.6% | |
| 0.8 to 0.9 | 110 | 1.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FXNC?
FIRST NATL CORP STRASBURG VA (FXNC) has an average correlation of about 0.187 with other NASDAQ stocks, based on 6,781 pairwise observations.
Is FXNC positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for FXNC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 53.9% of all pairs.
Explore the full interactive correlation distribution for FXNC.
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