METROCITY BANKSHARES INC (MCBS) Correlation Distribution
Across 6,809 rolling correlation observations between METROCITY BANKSHARES INC (MCBS) and other NASDAQ-listed stocks, 46.2% are positive and 53.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.014
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.2%
- Strong positive (≥0.7)
- 13.2%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 88 | 1.3% | |
| -0.8 to -0.7 | 87 | 1.3% | |
| -0.7 to -0.6 | 530 | 7.8% | |
| -0.6 to -0.5 | 529 | 7.8% | |
| -0.5 to -0.4 | 573 | 8.4% | |
| -0.4 to -0.3 | 573 | 8.4% | |
| -0.3 to -0.2 | 473 | 6.9% | |
| -0.2 to -0.1 | 473 | 6.9% | |
| -0.1 to 0.0 | 335 | 4.9% | |
| 0.0 to 0.1 | 335 | 4.9% | |
| 0.1 to 0.2 | 285 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 367 | 5.4% | |
| 0.6 to 0.7 | 366 | 5.4% | |
| 0.7 to 0.8 | 434 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of MCBS?
METROCITY BANKSHARES INC (MCBS) has an average correlation of about 0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is MCBS positively correlated with other stocks?
Not predominantly — 46.2% of pairs are positive and 53.8% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for MCBS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for MCBS.
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