Independent Bank Corp/MA (INDB) Correlation Distribution
Across 6,809 rolling correlation observations between Independent Bank Corp/MA (INDB) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.4% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,809
- Mean correlation
- 0.21
- Most common range
- 0.3 to 0.4
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 5.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 68 | 1.0% | |
| -0.8 to -0.7 | 67 | 1.0% | |
| -0.7 to -0.6 | 131 | 1.9% | |
| -0.6 to -0.5 | 131 | 1.9% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 339 | 5.0% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 317 | 4.7% | |
| 0.0 to 0.1 | 316 | 4.6% | |
| 0.1 to 0.2 | 438 | 6.4% | |
| 0.2 to 0.3 | 438 | 6.4% | |
| 0.3 to 0.4 | 844 | 12.4% | |
| 0.4 to 0.5 | 844 | 12.4% | |
| 0.5 to 0.6 | 786 | 11.5% | |
| 0.6 to 0.7 | 786 | 11.5% | |
| 0.7 to 0.8 | 183 | 2.7% | |
| 0.8 to 0.9 | 182 | 2.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of INDB?
Independent Bank Corp/MA (INDB) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is INDB positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 5.4%.
What is the most common correlation range for INDB?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 30.9% of all pairs.
Explore the full interactive correlation distribution for INDB.
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