Kearny Financial Corporation (KRNY) Correlation Distribution
Across 6,809 rolling correlation observations between Kearny Financial Corporation (KRNY) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.268, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.6% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- 0.268
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 23.6%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 54 | 0.8% | |
| -0.9 to -0.8 | 113 | 1.7% | |
| -0.8 to -0.7 | 113 | 1.7% | |
| -0.7 to -0.6 | 272 | 4.0% | |
| -0.6 to -0.5 | 271 | 4.0% | |
| -0.5 to -0.4 | 257 | 3.8% | |
| -0.4 to -0.3 | 257 | 3.8% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 197 | 2.9% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 298 | 4.4% | |
| 0.3 to 0.4 | 450 | 6.6% | |
| 0.4 to 0.5 | 449 | 6.6% | |
| 0.5 to 0.6 | 742 | 10.9% | |
| 0.6 to 0.7 | 742 | 10.9% | |
| 0.7 to 0.8 | 751 | 11.0% | |
| 0.8 to 0.9 | 750 | 11.0% | |
| 0.9 to 1.0 | 103 | 1.5% |
Frequently asked questions
What is the average correlation of KRNY?
Kearny Financial Corporation (KRNY) has an average correlation of about 0.268 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KRNY positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 23.6%.
What is the most common correlation range for KRNY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for KRNY.
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