Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) Correlation Distribution
Across 6,752 rolling correlation observations between Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.203, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,752
- Mean correlation
- 0.203
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 2.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 73 | 1.1% | |
| -0.6 to -0.5 | 72 | 1.1% | |
| -0.5 to -0.4 | 184 | 2.7% | |
| -0.4 to -0.3 | 183 | 2.7% | |
| -0.3 to -0.2 | 356 | 5.3% | |
| -0.2 to -0.1 | 356 | 5.3% | |
| -0.1 to 0.0 | 570 | 8.4% | |
| 0.0 to 0.1 | 569 | 8.4% | |
| 0.1 to 0.2 | 656 | 9.7% | |
| 0.2 to 0.3 | 655 | 9.7% | |
| 0.3 to 0.4 | 843 | 12.5% | |
| 0.4 to 0.5 | 843 | 12.5% | |
| 0.5 to 0.6 | 586 | 8.7% | |
| 0.6 to 0.7 | 585 | 8.7% | |
| 0.7 to 0.8 | 88 | 1.3% | |
| 0.8 to 0.9 | 88 | 1.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ONBPP?
Old National Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of Series A Preferred Stock (ONBPP) has an average correlation of about 0.203 with other NASDAQ stocks, based on 6,752 pairwise observations.
Is ONBPP positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for ONBPP?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 46.8% of all pairs.
Explore the full interactive correlation distribution for ONBPP.
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