International Bancshares Corp (IBOC) Correlation Distribution
Across 6,809 rolling correlation observations between International Bancshares Corp (IBOC) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,809
- Mean correlation
- -0.032
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 16.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 142 | 2.1% | |
| -0.8 to -0.7 | 142 | 2.1% | |
| -0.7 to -0.6 | 689 | 10.1% | |
| -0.6 to -0.5 | 688 | 10.1% | |
| -0.5 to -0.4 | 677 | 9.9% | |
| -0.4 to -0.3 | 676 | 9.9% | |
| -0.3 to -0.2 | 350 | 5.1% | |
| -0.2 to -0.1 | 350 | 5.1% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 245 | 3.6% | |
| 0.3 to 0.4 | 220 | 3.2% | |
| 0.4 to 0.5 | 219 | 3.2% | |
| 0.5 to 0.6 | 287 | 4.2% | |
| 0.6 to 0.7 | 286 | 4.2% | |
| 0.7 to 0.8 | 473 | 6.9% | |
| 0.8 to 0.9 | 473 | 6.9% | |
| 0.9 to 1.0 | 153 | 2.2% |
Frequently asked questions
What is the average correlation of IBOC?
International Bancshares Corp (IBOC) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IBOC positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for IBOC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for IBOC.
Open interactive dashboard →