Ohio Valley Banc Corp (OVBC) Correlation Distribution
Across 6,770 rolling correlation observations between Ohio Valley Banc Corp (OVBC) and other NASDAQ-listed stocks, 56.9% are positive and 43.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,770
- Mean correlation
- 0.055
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.9%
- Strong positive (≥0.7)
- 1.4%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 50 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 81 | 1.2% | |
| -0.6 to -0.5 | 80 | 1.2% | |
| -0.5 to -0.4 | 275 | 4.1% | |
| -0.4 to -0.3 | 274 | 4.0% | |
| -0.3 to -0.2 | 649 | 9.6% | |
| -0.2 to -0.1 | 648 | 9.6% | |
| -0.1 to 0.0 | 810 | 12.0% | |
| 0.0 to 0.1 | 809 | 11.9% | |
| 0.1 to 0.2 | 747 | 11.0% | |
| 0.2 to 0.3 | 746 | 11.0% | |
| 0.3 to 0.4 | 538 | 7.9% | |
| 0.4 to 0.5 | 538 | 7.9% | |
| 0.5 to 0.6 | 190 | 2.8% | |
| 0.6 to 0.7 | 190 | 2.8% | |
| 0.7 to 0.8 | 46 | 0.7% | |
| 0.8 to 0.9 | 45 | 0.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of OVBC?
Ohio Valley Banc Corp (OVBC) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,770 pairwise observations.
Is OVBC positively correlated with other stocks?
Mostly yes — 56.9% of pairs are positive and 43.1% are negative. Strong positive correlations (≥0.7) make up 1.4%.
What is the most common correlation range for OVBC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 65.1% of all pairs.
Explore the full interactive correlation distribution for OVBC.
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