Nicolet Bankshares,Inc. (NIC) Correlation Distribution
Across 6,689 rolling correlation observations between Nicolet Bankshares,Inc. (NIC) and other NASDAQ-listed stocks, 52.5% are positive and 47.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.066, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,689
- Mean correlation
- 0.066
- Most common range
- 0.7 to 0.8
- Positive pairs
- 52.5%
- Strong positive (≥0.7)
- 17.3%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 192 | 2.9% | |
| -0.8 to -0.7 | 192 | 2.9% | |
| -0.7 to -0.6 | 442 | 6.6% | |
| -0.6 to -0.5 | 442 | 6.6% | |
| -0.5 to -0.4 | 439 | 6.6% | |
| -0.4 to -0.3 | 439 | 6.6% | |
| -0.3 to -0.2 | 360 | 5.4% | |
| -0.2 to -0.1 | 359 | 5.4% | |
| -0.1 to 0.0 | 308 | 4.6% | |
| 0.0 to 0.1 | 308 | 4.6% | |
| 0.1 to 0.2 | 344 | 5.1% | |
| 0.2 to 0.3 | 343 | 5.1% | |
| 0.3 to 0.4 | 313 | 4.7% | |
| 0.4 to 0.5 | 312 | 4.7% | |
| 0.5 to 0.6 | 368 | 5.5% | |
| 0.6 to 0.7 | 367 | 5.5% | |
| 0.7 to 0.8 | 517 | 7.7% | |
| 0.8 to 0.9 | 517 | 7.7% | |
| 0.9 to 1.0 | 125 | 1.9% |
Frequently asked questions
What is the average correlation of NIC?
Nicolet Bankshares,Inc. (NIC) has an average correlation of about 0.066 with other NASDAQ stocks, based on 6,689 pairwise observations.
Is NIC positively correlated with other stocks?
Mostly yes — 52.5% of pairs are positive and 47.5% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for NIC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 30.2% of all pairs.
Explore the full interactive correlation distribution for NIC.
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