Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) Correlation Distribution
Across 6,571 rolling correlation observations between Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) and other NASDAQ-listed stocks, 71.7% are positive and 28.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.146, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,571
- Mean correlation
- 0.146
- Most common range
- 0.1 to 0.2
- Positive pairs
- 71.7%
- Strong positive (≥0.7)
- 0.9%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 31 | 0.5% | |
| -0.6 to -0.5 | 31 | 0.5% | |
| -0.5 to -0.4 | 117 | 1.8% | |
| -0.4 to -0.3 | 117 | 1.8% | |
| -0.3 to -0.2 | 350 | 5.3% | |
| -0.2 to -0.1 | 350 | 5.3% | |
| -0.1 to 0.0 | 858 | 13.1% | |
| 0.0 to 0.1 | 858 | 13.1% | |
| 0.1 to 0.2 | 1,048 | 15.9% | |
| 0.2 to 0.3 | 1,048 | 15.9% | |
| 0.3 to 0.4 | 620 | 9.4% | |
| 0.4 to 0.5 | 619 | 9.4% | |
| 0.5 to 0.6 | 230 | 3.5% | |
| 0.6 to 0.7 | 230 | 3.5% | |
| 0.7 to 0.8 | 29 | 0.4% | |
| 0.8 to 0.9 | 29 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of MSBIP?
Midland States Bancorp, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (MSBIP) has an average correlation of about 0.146 with other NASDAQ stocks, based on 6,571 pairwise observations.
Is MSBIP positively correlated with other stocks?
Mostly yes — 71.7% of pairs are positive and 28.3% are negative. Strong positive correlations (≥0.7) make up 0.9%.
What is the most common correlation range for MSBIP?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 68.7% of all pairs.
Explore the full interactive correlation distribution for MSBIP.
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