Old Second Bancorp Inc (OSBC) Correlation Distribution
Across 6,809 rolling correlation observations between Old Second Bancorp Inc (OSBC) and other NASDAQ-listed stocks, 42.4% are positive and 57.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.05, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.6% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- -0.05
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.4%
- Strong positive (≥0.7)
- 8.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 155 | 2.3% | |
| -0.8 to -0.7 | 154 | 2.3% | |
| -0.7 to -0.6 | 613 | 9.0% | |
| -0.6 to -0.5 | 613 | 9.0% | |
| -0.5 to -0.4 | 613 | 9.0% | |
| -0.4 to -0.3 | 612 | 9.0% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 428 | 6.3% | |
| -0.1 to 0.0 | 306 | 4.5% | |
| 0.0 to 0.1 | 306 | 4.5% | |
| 0.1 to 0.2 | 307 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 402 | 5.9% | |
| 0.6 to 0.7 | 402 | 5.9% | |
| 0.7 to 0.8 | 288 | 4.2% | |
| 0.8 to 0.9 | 288 | 4.2% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of OSBC?
Old Second Bancorp Inc (OSBC) has an average correlation of about -0.05 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is OSBC positively correlated with other stocks?
Not predominantly — 42.4% of pairs are positive and 57.6% are negative. Strong positive correlations (≥0.7) make up 8.6%.
What is the most common correlation range for OSBC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for OSBC.
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