Glen Burnie Bancorp (GLBZ) Correlation Distribution
Across 6,704 rolling correlation observations between Glen Burnie Bancorp (GLBZ) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.251, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.6% and strong negative correlations (≤−0.7) for 9.1%.
- Total observations
- 6,704
- Mean correlation
- 0.251
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 29.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 68 | 1.0% | |
| -0.9 to -0.8 | 271 | 4.0% | |
| -0.8 to -0.7 | 271 | 4.0% | |
| -0.7 to -0.6 | 275 | 4.1% | |
| -0.6 to -0.5 | 274 | 4.1% | |
| -0.5 to -0.4 | 206 | 3.1% | |
| -0.4 to -0.3 | 205 | 3.1% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 190 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 212 | 3.2% | |
| 0.2 to 0.3 | 212 | 3.2% | |
| 0.3 to 0.4 | 330 | 4.9% | |
| 0.4 to 0.5 | 329 | 4.9% | |
| 0.5 to 0.6 | 655 | 9.8% | |
| 0.6 to 0.7 | 655 | 9.8% | |
| 0.7 to 0.8 | 895 | 13.4% | |
| 0.8 to 0.9 | 894 | 13.3% | |
| 0.9 to 1.0 | 193 | 2.9% |
Frequently asked questions
What is the average correlation of GLBZ?
Glen Burnie Bancorp (GLBZ) has an average correlation of about 0.251 with other NASDAQ stocks, based on 6,704 pairwise observations.
Is GLBZ positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 29.6%.
What is the most common correlation range for GLBZ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for GLBZ.
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