Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred Stock (NTRSO) Correlation Distribution
Across 6,809 rolling correlation observations between Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred Stock (NTRSO) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.274, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.4% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- 0.274
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 33.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 126 | 1.9% | |
| -0.8 to -0.7 | 125 | 1.8% | |
| -0.7 to -0.6 | 304 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 275 | 4.0% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 260 | 3.8% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 282 | 4.1% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 439 | 6.4% | |
| 0.6 to 0.7 | 438 | 6.4% | |
| 0.7 to 0.8 | 948 | 13.9% | |
| 0.8 to 0.9 | 947 | 13.9% | |
| 0.9 to 1.0 | 377 | 5.5% |
Frequently asked questions
What is the average correlation of NTRSO?
Northern Trust Corporation Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series E Non-Cumulative Perpetual Preferred Stock (NTRSO) has an average correlation of about 0.274 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NTRSO positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 33.4%.
What is the most common correlation range for NTRSO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for NTRSO.
Open interactive dashboard →