First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) Correlation Distribution
Across 6,710 rolling correlation observations between First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) and other NASDAQ-listed stocks, 76.7% are positive and 23.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.265, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.8% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,710
- Mean correlation
- 0.265
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.7%
- Strong positive (≥0.7)
- 6.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.7% | |
| -0.7 to -0.6 | 92 | 1.4% | |
| -0.6 to -0.5 | 91 | 1.4% | |
| -0.5 to -0.4 | 162 | 2.4% | |
| -0.4 to -0.3 | 162 | 2.4% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 426 | 6.3% | |
| 0.0 to 0.1 | 425 | 6.3% | |
| 0.1 to 0.2 | 490 | 7.3% | |
| 0.2 to 0.3 | 489 | 7.3% | |
| 0.3 to 0.4 | 830 | 12.4% | |
| 0.4 to 0.5 | 830 | 12.4% | |
| 0.5 to 0.6 | 812 | 12.1% | |
| 0.6 to 0.7 | 811 | 12.1% | |
| 0.7 to 0.8 | 229 | 3.4% | |
| 0.8 to 0.9 | 229 | 3.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of INBKZ?
First Internet Bancorp 6.0% Fixed-to-Floating Rate Subordinated Notes Due 2029 (INBKZ) has an average correlation of about 0.265 with other NASDAQ stocks, based on 6,710 pairwise observations.
Is INBKZ positively correlated with other stocks?
Mostly yes — 76.7% of pairs are positive and 23.3% are negative. Strong positive correlations (≥0.7) make up 6.8%.
What is the most common correlation range for INBKZ?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.3% of all pairs.
Explore the full interactive correlation distribution for INBKZ.
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