LINKBANCORP, Inc. Common Stock (LNKB) Correlation Distribution
Across 6,696 rolling correlation observations between LINKBANCORP, Inc. Common Stock (LNKB) and other NASDAQ-listed stocks, 67.1% are positive and 32.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.237, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.2% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,696
- Mean correlation
- 0.237
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.1%
- Strong positive (≥0.7)
- 18.2%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 152 | 2.3% | |
| -0.6 to -0.5 | 152 | 2.3% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 350 | 5.2% | |
| -0.3 to -0.2 | 387 | 5.8% | |
| -0.2 to -0.1 | 387 | 5.8% | |
| -0.1 to 0.0 | 368 | 5.5% | |
| 0.0 to 0.1 | 368 | 5.5% | |
| 0.1 to 0.2 | 358 | 5.3% | |
| 0.2 to 0.3 | 358 | 5.3% | |
| 0.3 to 0.4 | 457 | 6.8% | |
| 0.4 to 0.5 | 456 | 6.8% | |
| 0.5 to 0.6 | 637 | 9.5% | |
| 0.6 to 0.7 | 637 | 9.5% | |
| 0.7 to 0.8 | 607 | 9.1% | |
| 0.8 to 0.9 | 606 | 9.1% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of LNKB?
LINKBANCORP, Inc. Common Stock (LNKB) has an average correlation of about 0.237 with other NASDAQ stocks, based on 6,696 pairwise observations.
Is LNKB positively correlated with other stocks?
Mostly yes — 67.1% of pairs are positive and 32.9% are negative. Strong positive correlations (≥0.7) make up 18.2%.
What is the most common correlation range for LNKB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for LNKB.
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