The Bank of N.T. Butterfield & Son Limited (NTB) Correlation Distribution
Across 6,809 rolling correlation observations between The Bank of N.T. Butterfield & Son Limited (NTB) and other NASDAQ-listed stocks, 74.7% are positive and 25.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.4% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.21
- Most common range
- 0.1 to 0.2
- Positive pairs
- 74.7%
- Strong positive (≥0.7)
- 5.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 37 | 0.5% | |
| -0.8 to -0.7 | 36 | 0.5% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 133 | 2.0% | |
| -0.4 to -0.3 | 132 | 1.9% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 305 | 4.5% | |
| -0.1 to 0.0 | 596 | 8.8% | |
| 0.0 to 0.1 | 595 | 8.7% | |
| 0.1 to 0.2 | 833 | 12.2% | |
| 0.2 to 0.3 | 832 | 12.2% | |
| 0.3 to 0.4 | 706 | 10.4% | |
| 0.4 to 0.5 | 706 | 10.4% | |
| 0.5 to 0.6 | 525 | 7.7% | |
| 0.6 to 0.7 | 525 | 7.7% | |
| 0.7 to 0.8 | 182 | 2.7% | |
| 0.8 to 0.9 | 181 | 2.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of NTB?
The Bank of N.T. Butterfield & Son Limited (NTB) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NTB positively correlated with other stocks?
Mostly yes — 74.7% of pairs are positive and 25.3% are negative. Strong positive correlations (≥0.7) make up 5.4%.
What is the most common correlation range for NTB?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 50.9% of all pairs.
Explore the full interactive correlation distribution for NTB.
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