Northeast Bank Common Stock (NBN) Correlation Distribution
Across 6,809 rolling correlation observations between Northeast Bank Common Stock (NBN) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.2% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- -0.091
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 16.2%
- Sector
- Lumber & Wood Products (No Furniture)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 348 | 5.1% | |
| -0.8 to -0.7 | 348 | 5.1% | |
| -0.7 to -0.6 | 863 | 12.7% | |
| -0.6 to -0.5 | 863 | 12.7% | |
| -0.5 to -0.4 | 502 | 7.4% | |
| -0.4 to -0.3 | 501 | 7.4% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 251 | 3.7% | |
| -0.1 to 0.0 | 233 | 3.4% | |
| 0.0 to 0.1 | 232 | 3.4% | |
| 0.1 to 0.2 | 182 | 2.7% | |
| 0.2 to 0.3 | 182 | 2.7% | |
| 0.3 to 0.4 | 217 | 3.2% | |
| 0.4 to 0.5 | 217 | 3.2% | |
| 0.5 to 0.6 | 255 | 3.7% | |
| 0.6 to 0.7 | 254 | 3.7% | |
| 0.7 to 0.8 | 409 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 287 | 4.2% |
Frequently asked questions
What is the average correlation of NBN?
Northeast Bank Common Stock (NBN) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NBN positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 16.2%.
What is the most common correlation range for NBN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for NBN.
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