Northeast Community Bancorp, Inc. (NECB) Correlation Distribution
Across 6,804 rolling correlation observations between Northeast Community Bancorp, Inc. (NECB) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.123, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 12.5%.
- Total observations
- 6,804
- Mean correlation
- -0.123
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 423 | 6.2% | |
| -0.8 to -0.7 | 423 | 6.2% | |
| -0.7 to -0.6 | 834 | 12.3% | |
| -0.6 to -0.5 | 833 | 12.2% | |
| -0.5 to -0.4 | 531 | 7.8% | |
| -0.4 to -0.3 | 530 | 7.8% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 189 | 2.8% | |
| 0.2 to 0.3 | 189 | 2.8% | |
| 0.3 to 0.4 | 199 | 2.9% | |
| 0.4 to 0.5 | 199 | 2.9% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 250 | 3.7% | |
| 0.7 to 0.8 | 448 | 6.6% | |
| 0.8 to 0.9 | 448 | 6.6% | |
| 0.9 to 1.0 | 135 | 2.0% |
Frequently asked questions
What is the average correlation of NECB?
Northeast Community Bancorp, Inc. (NECB) has an average correlation of about -0.123 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is NECB positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for NECB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for NECB.
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