NBT Bancorp Inc (NBTB) Correlation Distribution
Across 6,809 rolling correlation observations between NBT Bancorp Inc (NBTB) and other NASDAQ-listed stocks, 46.2% are positive and 53.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.031
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46.2%
- Strong positive (≥0.7)
- 3.9%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 133 | 2.0% | |
| -0.6 to -0.5 | 132 | 1.9% | |
| -0.5 to -0.4 | 630 | 9.3% | |
| -0.4 to -0.3 | 629 | 9.2% | |
| -0.3 to -0.2 | 812 | 11.9% | |
| -0.2 to -0.1 | 811 | 11.9% | |
| -0.1 to 0.0 | 499 | 7.3% | |
| 0.0 to 0.1 | 499 | 7.3% | |
| 0.1 to 0.2 | 354 | 5.2% | |
| 0.2 to 0.3 | 354 | 5.2% | |
| 0.3 to 0.4 | 370 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 467 | 6.9% | |
| 0.6 to 0.7 | 467 | 6.9% | |
| 0.7 to 0.8 | 132 | 1.9% | |
| 0.8 to 0.9 | 131 | 1.9% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of NBTB?
NBT Bancorp Inc (NBTB) has an average correlation of about 0.031 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NBTB 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 3.9%.
What is the most common correlation range for NBTB?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.9% of all pairs.
Explore the full interactive correlation distribution for NBTB.
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