Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series C Preferred Stock (ONBPO) Correlation Distribution
Across 6,751 rolling correlation observations between Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series C Preferred Stock (ONBPO) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.195, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,751
- Mean correlation
- 0.195
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 1.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 60 | 0.9% | |
| -0.6 to -0.5 | 59 | 0.9% | |
| -0.5 to -0.4 | 169 | 2.5% | |
| -0.4 to -0.3 | 169 | 2.5% | |
| -0.3 to -0.2 | 377 | 5.6% | |
| -0.2 to -0.1 | 377 | 5.6% | |
| -0.1 to 0.0 | 624 | 9.2% | |
| 0.0 to 0.1 | 623 | 9.2% | |
| 0.1 to 0.2 | 678 | 10.0% | |
| 0.2 to 0.3 | 678 | 10.0% | |
| 0.3 to 0.4 | 911 | 13.5% | |
| 0.4 to 0.5 | 911 | 13.5% | |
| 0.5 to 0.6 | 508 | 7.5% | |
| 0.6 to 0.7 | 508 | 7.5% | |
| 0.7 to 0.8 | 44 | 0.7% | |
| 0.8 to 0.9 | 43 | 0.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ONBPO?
Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series C Preferred Stock (ONBPO) has an average correlation of about 0.195 with other NASDAQ stocks, based on 6,751 pairwise observations.
Is ONBPO positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for ONBPO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49.7% of all pairs.
Explore the full interactive correlation distribution for ONBPO.
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