GENERATIONS BANCRP NY INC (GBNY) Correlation Distribution
Across 6,613 rolling correlation observations between GENERATIONS BANCRP NY INC (GBNY) and other NASDAQ-listed stocks, 46.8% are positive and 53.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.8% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,613
- Mean correlation
- 0.033
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.8%
- Strong positive (≥0.7)
- 6.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 51 | 0.8% | |
| -0.8 to -0.7 | 50 | 0.8% | |
| -0.7 to -0.6 | 200 | 3.0% | |
| -0.6 to -0.5 | 199 | 3.0% | |
| -0.5 to -0.4 | 453 | 6.9% | |
| -0.4 to -0.3 | 452 | 6.8% | |
| -0.3 to -0.2 | 791 | 12.0% | |
| -0.2 to -0.1 | 791 | 12.0% | |
| -0.1 to 0.0 | 526 | 8.0% | |
| 0.0 to 0.1 | 525 | 7.9% | |
| 0.1 to 0.2 | 368 | 5.6% | |
| 0.2 to 0.3 | 367 | 5.5% | |
| 0.3 to 0.4 | 303 | 4.6% | |
| 0.4 to 0.5 | 302 | 4.6% | |
| 0.5 to 0.6 | 391 | 5.9% | |
| 0.6 to 0.7 | 391 | 5.9% | |
| 0.7 to 0.8 | 221 | 3.3% | |
| 0.8 to 0.9 | 220 | 3.3% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of GBNY?
GENERATIONS BANCRP NY INC (GBNY) has an average correlation of about 0.033 with other NASDAQ stocks, based on 6,613 pairwise observations.
Is GBNY positively correlated with other stocks?
Not predominantly — 46.8% of pairs are positive and 53.2% are negative. Strong positive correlations (≥0.7) make up 6.8%.
What is the most common correlation range for GBNY?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 50.9% of all pairs.
Explore the full interactive correlation distribution for GBNY.
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