NATIONAL BANK HOLDINGS CORP. (NBHC) Correlation Distribution
Across 6,809 rolling correlation observations between NATIONAL BANK HOLDINGS CORP. (NBHC) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.162, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.162
- Most common range
- 0.1 to 0.2
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 3.3%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 82 | 1.2% | |
| -0.5 to -0.4 | 190 | 2.8% | |
| -0.4 to -0.3 | 190 | 2.8% | |
| -0.3 to -0.2 | 367 | 5.4% | |
| -0.2 to -0.1 | 367 | 5.4% | |
| -0.1 to 0.0 | 676 | 9.9% | |
| 0.0 to 0.1 | 676 | 9.9% | |
| 0.1 to 0.2 | 915 | 13.4% | |
| 0.2 to 0.3 | 914 | 13.4% | |
| 0.3 to 0.4 | 705 | 10.4% | |
| 0.4 to 0.5 | 705 | 10.4% | |
| 0.5 to 0.6 | 342 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 111 | 1.6% | |
| 0.8 to 0.9 | 111 | 1.6% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of NBHC?
NATIONAL BANK HOLDINGS CORP. (NBHC) has an average correlation of about 0.162 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NBHC positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for NBHC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 57.5% of all pairs.
Explore the full interactive correlation distribution for NBHC.
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