Lake Shore Bancorp, Inc. (LSBK) Correlation Distribution
Across 6,670 rolling correlation observations between Lake Shore Bancorp, Inc. (LSBK) and other NASDAQ-listed stocks, 76.2% are positive and 23.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.4% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,670
- Mean correlation
- 0.241
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.2%
- Strong positive (≥0.7)
- 6.4%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.3% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 109 | 1.6% | |
| -0.6 to -0.5 | 109 | 1.6% | |
| -0.5 to -0.4 | 183 | 2.7% | |
| -0.4 to -0.3 | 183 | 2.7% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 389 | 5.8% | |
| 0.0 to 0.1 | 388 | 5.8% | |
| 0.1 to 0.2 | 585 | 8.8% | |
| 0.2 to 0.3 | 584 | 8.8% | |
| 0.3 to 0.4 | 902 | 13.5% | |
| 0.4 to 0.5 | 901 | 13.5% | |
| 0.5 to 0.6 | 647 | 9.7% | |
| 0.6 to 0.7 | 647 | 9.7% | |
| 0.7 to 0.8 | 210 | 3.1% | |
| 0.8 to 0.9 | 210 | 3.1% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of LSBK?
Lake Shore Bancorp, Inc. (LSBK) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,670 pairwise observations.
Is LSBK positively correlated with other stocks?
Mostly yes — 76.2% of pairs are positive and 23.8% are negative. Strong positive correlations (≥0.7) make up 6.4%.
What is the most common correlation range for LSBK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.7% of all pairs.
Explore the full interactive correlation distribution for LSBK.
Open interactive dashboard →