PB Bankshares, Inc. Common Stock (PBBK) Correlation Distribution
Across 6,691 rolling correlation observations between PB Bankshares, Inc. Common Stock (PBBK) and other NASDAQ-listed stocks, 57.9% are positive and 42.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.101, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,691
- Mean correlation
- 0.101
- Most common range
- -0.1 to 0.0
- Positive pairs
- 57.9%
- Strong positive (≥0.7)
- 3.7%
- Sector
- Savings Institutions, Not Federally Chartered
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 125 | 1.9% | |
| -0.6 to -0.5 | 125 | 1.9% | |
| -0.5 to -0.4 | 333 | 5.0% | |
| -0.4 to -0.3 | 332 | 5.0% | |
| -0.3 to -0.2 | 574 | 8.6% | |
| -0.2 to -0.1 | 574 | 8.6% | |
| -0.1 to 0.0 | 724 | 10.8% | |
| 0.0 to 0.1 | 724 | 10.8% | |
| 0.1 to 0.2 | 506 | 7.6% | |
| 0.2 to 0.3 | 505 | 7.5% | |
| 0.3 to 0.4 | 469 | 7.0% | |
| 0.4 to 0.5 | 469 | 7.0% | |
| 0.5 to 0.6 | 477 | 7.1% | |
| 0.6 to 0.7 | 477 | 7.1% | |
| 0.7 to 0.8 | 124 | 1.9% | |
| 0.8 to 0.9 | 123 | 1.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PBBK?
PB Bankshares, Inc. Common Stock (PBBK) has an average correlation of about 0.101 with other NASDAQ stocks, based on 6,691 pairwise observations.
Is PBBK positively correlated with other stocks?
Mostly yes — 57.9% of pairs are positive and 42.1% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for PBBK?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 53.9% of all pairs.
Explore the full interactive correlation distribution for PBBK.
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