Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP) Correlation Distribution
Across 6,796 rolling correlation observations between Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP) and other NASDAQ-listed stocks, 72.6% are positive and 27.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,796
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.6%
- Strong positive (≥0.7)
- 32%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 140 | 2.1% | |
| -0.6 to -0.5 | 139 | 2.0% | |
| -0.5 to -0.4 | 264 | 3.9% | |
| -0.4 to -0.3 | 263 | 3.9% | |
| -0.3 to -0.2 | 353 | 5.2% | |
| -0.2 to -0.1 | 353 | 5.2% | |
| -0.1 to 0.0 | 296 | 4.4% | |
| 0.0 to 0.1 | 296 | 4.4% | |
| 0.1 to 0.2 | 324 | 4.8% | |
| 0.2 to 0.3 | 323 | 4.8% | |
| 0.3 to 0.4 | 376 | 5.5% | |
| 0.4 to 0.5 | 376 | 5.5% | |
| 0.5 to 0.6 | 532 | 7.8% | |
| 0.6 to 0.7 | 532 | 7.8% | |
| 0.7 to 0.8 | 949 | 14.0% | |
| 0.8 to 0.9 | 949 | 14.0% | |
| 0.9 to 1.0 | 274 | 4.0% |
Frequently asked questions
What is the average correlation of OZKAP?
Bank OZK 4.625% Series A Non-Cumulative Perpetual Preferred Stock (OZKAP) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is OZKAP positively correlated with other stocks?
Mostly yes — 72.6% of pairs are positive and 27.4% are negative. Strong positive correlations (≥0.7) make up 32%.
What is the most common correlation range for OZKAP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for OZKAP.
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