Greene County Bancorp Inc (GCBC) Correlation Distribution
Across 6,809 rolling correlation observations between Greene County Bancorp Inc (GCBC) and other NASDAQ-listed stocks, 36.9% are positive and 63.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.187, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.4% and strong negative correlations (≤−0.7) for 21.6%.
- Total observations
- 6,809
- Mean correlation
- -0.187
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.9%
- Strong positive (≥0.7)
- 4.4%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 737 | 10.8% | |
| -0.8 to -0.7 | 736 | 10.8% | |
| -0.7 to -0.6 | 561 | 8.2% | |
| -0.6 to -0.5 | 561 | 8.2% | |
| -0.5 to -0.4 | 367 | 5.4% | |
| -0.4 to -0.3 | 366 | 5.4% | |
| -0.3 to -0.2 | 322 | 4.7% | |
| -0.2 to -0.1 | 321 | 4.7% | |
| -0.1 to 0.0 | 324 | 4.8% | |
| 0.0 to 0.1 | 323 | 4.7% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 339 | 5.0% | |
| 0.4 to 0.5 | 339 | 5.0% | |
| 0.5 to 0.6 | 307 | 4.5% | |
| 0.6 to 0.7 | 307 | 4.5% | |
| 0.7 to 0.8 | 145 | 2.1% | |
| 0.8 to 0.9 | 145 | 2.1% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of GCBC?
Greene County Bancorp Inc (GCBC) has an average correlation of about -0.187 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is GCBC positively correlated with other stocks?
Not predominantly — 36.9% of pairs are positive and 63.1% are negative. Strong positive correlations (≥0.7) make up 4.4%.
What is the most common correlation range for GCBC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 27.7% of all pairs.
Explore the full interactive correlation distribution for GCBC.
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