Pathfinder Bancorp Inc (PBHC) Correlation Distribution
Across 6,713 rolling correlation observations between Pathfinder Bancorp Inc (PBHC) and other NASDAQ-listed stocks, 55.9% are positive and 44.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,713
- Mean correlation
- 0.06
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.9%
- Strong positive (≥0.7)
- 2.6%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 173 | 2.6% | |
| -0.6 to -0.5 | 173 | 2.6% | |
| -0.5 to -0.4 | 378 | 5.6% | |
| -0.4 to -0.3 | 377 | 5.6% | |
| -0.3 to -0.2 | 549 | 8.2% | |
| -0.2 to -0.1 | 549 | 8.2% | |
| -0.1 to 0.0 | 668 | 10.0% | |
| 0.0 to 0.1 | 668 | 10.0% | |
| 0.1 to 0.2 | 613 | 9.1% | |
| 0.2 to 0.3 | 612 | 9.1% | |
| 0.3 to 0.4 | 485 | 7.2% | |
| 0.4 to 0.5 | 484 | 7.2% | |
| 0.5 to 0.6 | 359 | 5.3% | |
| 0.6 to 0.7 | 359 | 5.3% | |
| 0.7 to 0.8 | 88 | 1.3% | |
| 0.8 to 0.9 | 87 | 1.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PBHC?
Pathfinder Bancorp Inc (PBHC) has an average correlation of about 0.06 with other NASDAQ stocks, based on 6,713 pairwise observations.
Is PBHC positively correlated with other stocks?
Mostly yes — 55.9% of pairs are positive and 44.1% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for PBHC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 54.5% of all pairs.
Explore the full interactive correlation distribution for PBHC.
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