Live Oak Bancshares, Inc. (LOB) Correlation Distribution
Across 6,809 rolling correlation observations between Live Oak Bancshares, Inc. (LOB) and other NASDAQ-listed stocks, 76.3% are positive and 23.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.317, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.317
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.3%
- Strong positive (≥0.7)
- 15.2%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 59 | 0.9% | |
| -0.6 to -0.5 | 58 | 0.9% | |
| -0.5 to -0.4 | 160 | 2.3% | |
| -0.4 to -0.3 | 160 | 2.3% | |
| -0.3 to -0.2 | 392 | 5.8% | |
| -0.2 to -0.1 | 392 | 5.8% | |
| -0.1 to 0.0 | 386 | 5.7% | |
| 0.0 to 0.1 | 385 | 5.7% | |
| 0.1 to 0.2 | 415 | 6.1% | |
| 0.2 to 0.3 | 415 | 6.1% | |
| 0.3 to 0.4 | 628 | 9.2% | |
| 0.4 to 0.5 | 628 | 9.2% | |
| 0.5 to 0.6 | 847 | 12.4% | |
| 0.6 to 0.7 | 846 | 12.4% | |
| 0.7 to 0.8 | 503 | 7.4% | |
| 0.8 to 0.9 | 503 | 7.4% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of LOB?
Live Oak Bancshares, Inc. (LOB) has an average correlation of about 0.317 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LOB positively correlated with other stocks?
Mostly yes — 76.3% of pairs are positive and 23.7% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for LOB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 35% of all pairs.
Explore the full interactive correlation distribution for LOB.
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