National Bankshares Inc/VA (NKSH) Correlation Distribution
Across 6,808 rolling correlation observations between National Bankshares Inc/VA (NKSH) and other NASDAQ-listed stocks, 71.5% are positive and 28.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.197, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,808
- Mean correlation
- 0.197
- Most common range
- 0.3 to 0.4
- Positive pairs
- 71.5%
- Strong positive (≥0.7)
- 2.7%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 105 | 1.5% | |
| -0.6 to -0.5 | 104 | 1.5% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 364 | 5.3% | |
| -0.2 to -0.1 | 364 | 5.3% | |
| -0.1 to 0.0 | 438 | 6.4% | |
| 0.0 to 0.1 | 437 | 6.4% | |
| 0.1 to 0.2 | 624 | 9.2% | |
| 0.2 to 0.3 | 624 | 9.2% | |
| 0.3 to 0.4 | 900 | 13.2% | |
| 0.4 to 0.5 | 899 | 13.2% | |
| 0.5 to 0.6 | 601 | 8.8% | |
| 0.6 to 0.7 | 600 | 8.8% | |
| 0.7 to 0.8 | 93 | 1.4% | |
| 0.8 to 0.9 | 92 | 1.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NKSH?
National Bankshares Inc/VA (NKSH) has an average correlation of about 0.197 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NKSH positively correlated with other stocks?
Mostly yes — 71.5% of pairs are positive and 28.5% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for NKSH?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.9% of all pairs.
Explore the full interactive correlation distribution for NKSH.
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