Pioneer Bancorp, Inc. Common Stock (PBFS) Correlation Distribution
Across 6,809 rolling correlation observations between Pioneer Bancorp, Inc. Common Stock (PBFS) and other NASDAQ-listed stocks, 80.5% are positive and 19.5% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.267
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80.5%
- Strong positive (≥0.7)
- 5.1%
- 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 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 74 | 1.1% | |
| -0.6 to -0.5 | 74 | 1.1% | |
| -0.5 to -0.4 | 115 | 1.7% | |
| -0.4 to -0.3 | 114 | 1.7% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 450 | 6.6% | |
| 0.0 to 0.1 | 450 | 6.6% | |
| 0.1 to 0.2 | 740 | 10.9% | |
| 0.2 to 0.3 | 739 | 10.9% | |
| 0.3 to 0.4 | 956 | 14.0% | |
| 0.4 to 0.5 | 955 | 14.0% | |
| 0.5 to 0.6 | 649 | 9.5% | |
| 0.6 to 0.7 | 649 | 9.5% | |
| 0.7 to 0.8 | 173 | 2.5% | |
| 0.8 to 0.9 | 172 | 2.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PBFS?
Pioneer Bancorp, Inc. Common Stock (PBFS) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PBFS positively correlated with other stocks?
Mostly yes — 80.5% of pairs are positive and 19.5% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for PBFS?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.8% of all pairs.
Explore the full interactive correlation distribution for PBFS.
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