Norwood Financial Corp (NWFL) Correlation Distribution
Across 6,808 rolling correlation observations between Norwood Financial Corp (NWFL) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,808
- Mean correlation
- -0.045
- Most common range
- -0.3 to -0.2
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 0%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 15 | 0.2% | |
| -0.6 to -0.5 | 14 | 0.2% | |
| -0.5 to -0.4 | 392 | 5.8% | |
| -0.4 to -0.3 | 391 | 5.7% | |
| -0.3 to -0.2 | 1,214 | 17.8% | |
| -0.2 to -0.1 | 1,213 | 17.8% | |
| -0.1 to 0.0 | 880 | 12.9% | |
| 0.0 to 0.1 | 879 | 12.9% | |
| 0.1 to 0.2 | 582 | 8.5% | |
| 0.2 to 0.3 | 581 | 8.5% | |
| 0.3 to 0.4 | 273 | 4.0% | |
| 0.4 to 0.5 | 273 | 4.0% | |
| 0.5 to 0.6 | 50 | 0.7% | |
| 0.6 to 0.7 | 49 | 0.7% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NWFL?
Norwood Financial Corp (NWFL) has an average correlation of about -0.045 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NWFL positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for NWFL?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 78.6% of all pairs.
Explore the full interactive correlation distribution for NWFL.
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