Potbelly Corporation Common Stock (PBPB) Correlation Distribution
Across 6,809 rolling correlation observations between Potbelly Corporation Common Stock (PBPB) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7.7% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- -0.068
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 7.7%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 65 | 1.0% | |
| -0.8 to -0.7 | 65 | 1.0% | |
| -0.7 to -0.6 | 706 | 10.4% | |
| -0.6 to -0.5 | 705 | 10.4% | |
| -0.5 to -0.4 | 725 | 10.6% | |
| -0.4 to -0.3 | 724 | 10.6% | |
| -0.3 to -0.2 | 411 | 6.0% | |
| -0.2 to -0.1 | 411 | 6.0% | |
| -0.1 to 0.0 | 279 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 262 | 3.8% | |
| 0.4 to 0.5 | 262 | 3.8% | |
| 0.5 to 0.6 | 411 | 6.0% | |
| 0.6 to 0.7 | 410 | 6.0% | |
| 0.7 to 0.8 | 262 | 3.8% | |
| 0.8 to 0.9 | 261 | 3.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PBPB?
Potbelly Corporation Common Stock (PBPB) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PBPB positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 7.7%.
What is the most common correlation range for PBPB?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for PBPB.
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