Northfield Bancorp, Inc. (NFBK) Correlation Distribution
Across 6,809 rolling correlation observations between Northfield Bancorp, Inc. (NFBK) and other NASDAQ-listed stocks, 73.5% are positive and 26.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.269, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.269
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.5%
- Strong positive (≥0.7)
- 11.7%
- Sector
- Savings Institution, Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 322 | 4.7% | |
| -0.2 to -0.1 | 322 | 4.7% | |
| -0.1 to 0.0 | 334 | 4.9% | |
| 0.0 to 0.1 | 334 | 4.9% | |
| 0.1 to 0.2 | 436 | 6.4% | |
| 0.2 to 0.3 | 436 | 6.4% | |
| 0.3 to 0.4 | 614 | 9.0% | |
| 0.4 to 0.5 | 614 | 9.0% | |
| 0.5 to 0.6 | 890 | 13.1% | |
| 0.6 to 0.7 | 890 | 13.1% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of NFBK?
Northfield Bancorp, Inc. (NFBK) has an average correlation of about 0.269 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NFBK positively correlated with other stocks?
Mostly yes — 73.5% of pairs are positive and 26.5% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for NFBK?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.1% of all pairs.
Explore the full interactive correlation distribution for NFBK.
Open interactive dashboard →