Orange County Bancorp, Inc. Common Stock (OBT) Correlation Distribution
Across 6,784 rolling correlation observations between Orange County Bancorp, Inc. Common Stock (OBT) and other NASDAQ-listed stocks, 37.5% are positive and 62.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.101, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,784
- Mean correlation
- -0.101
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.5%
- Strong positive (≥0.7)
- 4.1%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 37 | 0.5% | |
| -0.7 to -0.6 | 779 | 11.5% | |
| -0.6 to -0.5 | 779 | 11.5% | |
| -0.5 to -0.4 | 790 | 11.6% | |
| -0.4 to -0.3 | 789 | 11.6% | |
| -0.3 to -0.2 | 379 | 5.6% | |
| -0.2 to -0.1 | 379 | 5.6% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 272 | 4.0% | |
| 0.1 to 0.2 | 254 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 306 | 4.5% | |
| 0.5 to 0.6 | 438 | 6.5% | |
| 0.6 to 0.7 | 437 | 6.4% | |
| 0.7 to 0.8 | 138 | 2.0% | |
| 0.8 to 0.9 | 137 | 2.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OBT?
Orange County Bancorp, Inc. Common Stock (OBT) has an average correlation of about -0.101 with other NASDAQ stocks, based on 6,784 pairwise observations.
Is OBT positively correlated with other stocks?
Not predominantly — 37.5% of pairs are positive and 62.5% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for OBT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for OBT.
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