Northrim BanCorp Inc (NRIM) Correlation Distribution
Across 6,809 rolling correlation observations between Northrim BanCorp Inc (NRIM) and other NASDAQ-listed stocks, 41.2% are positive and 58.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,809
- Mean correlation
- -0.031
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.2%
- Strong positive (≥0.7)
- 13.9%
- 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 | 91 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 614 | 9.0% | |
| -0.6 to -0.5 | 614 | 9.0% | |
| -0.5 to -0.4 | 737 | 10.8% | |
| -0.4 to -0.3 | 737 | 10.8% | |
| -0.3 to -0.2 | 417 | 6.1% | |
| -0.2 to -0.1 | 416 | 6.1% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 304 | 4.5% | |
| 0.6 to 0.7 | 304 | 4.5% | |
| 0.7 to 0.8 | 414 | 6.1% | |
| 0.8 to 0.9 | 414 | 6.1% | |
| 0.9 to 1.0 | 119 | 1.7% |
Frequently asked questions
What is the average correlation of NRIM?
Northrim BanCorp Inc (NRIM) has an average correlation of about -0.031 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NRIM positively correlated with other stocks?
Not predominantly — 41.2% of pairs are positive and 58.8% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for NRIM?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.9% of all pairs.
Explore the full interactive correlation distribution for NRIM.
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