IBTX (IBTX) Correlation Distribution
Across 6,796 rolling correlation observations between IBTX (IBTX) and other NASDAQ-listed stocks, 74.7% are positive and 25.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.287, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,796
- Mean correlation
- 0.287
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.7%
- Strong positive (≥0.7)
- 12.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 28 | 0.4% | |
| -0.9 to -0.8 | 51 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.8% | |
| -0.7 to -0.6 | 117 | 1.7% | |
| -0.6 to -0.5 | 117 | 1.7% | |
| -0.5 to -0.4 | 220 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 298 | 4.4% | |
| 0.1 to 0.2 | 365 | 5.4% | |
| 0.2 to 0.3 | 365 | 5.4% | |
| 0.3 to 0.4 | 629 | 9.3% | |
| 0.4 to 0.5 | 629 | 9.3% | |
| 0.5 to 0.6 | 966 | 14.2% | |
| 0.6 to 0.7 | 966 | 14.2% | |
| 0.7 to 0.8 | 409 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of IBTX?
IBTX (IBTX) has an average correlation of about 0.287 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is IBTX positively correlated with other stocks?
Mostly yes — 74.7% of pairs are positive and 25.3% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for IBTX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for IBTX.
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