Old Point Financial Corp (OPOF) Correlation Distribution
Across 6,768 rolling correlation observations between Old Point Financial Corp (OPOF) and other NASDAQ-listed stocks, 55.4% are positive and 44.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.046, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,768
- Mean correlation
- 0.046
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.4%
- Strong positive (≥0.7)
- 1.3%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 56 | 0.8% | |
| -0.7 to -0.6 | 92 | 1.4% | |
| -0.6 to -0.5 | 91 | 1.3% | |
| -0.5 to -0.4 | 227 | 3.4% | |
| -0.4 to -0.3 | 227 | 3.4% | |
| -0.3 to -0.2 | 659 | 9.7% | |
| -0.2 to -0.1 | 658 | 9.7% | |
| -0.1 to 0.0 | 952 | 14.1% | |
| 0.0 to 0.1 | 951 | 14.1% | |
| 0.1 to 0.2 | 698 | 10.3% | |
| 0.2 to 0.3 | 697 | 10.3% | |
| 0.3 to 0.4 | 456 | 6.7% | |
| 0.4 to 0.5 | 455 | 6.7% | |
| 0.5 to 0.6 | 203 | 3.0% | |
| 0.6 to 0.7 | 202 | 3.0% | |
| 0.7 to 0.8 | 44 | 0.7% | |
| 0.8 to 0.9 | 44 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of OPOF?
Old Point Financial Corp (OPOF) has an average correlation of about 0.046 with other NASDAQ stocks, based on 6,768 pairwise observations.
Is OPOF positively correlated with other stocks?
Mostly yes — 55.4% of pairs are positive and 44.6% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for OPOF?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 68.2% of all pairs.
Explore the full interactive correlation distribution for OPOF.
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