Peoples Bancorp of North Carol (PEBK) Correlation Distribution
Across 6,799 rolling correlation observations between Peoples Bancorp of North Carol (PEBK) and other NASDAQ-listed stocks, 55.8% are positive and 44.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,799
- Mean correlation
- 0.063
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.8%
- Strong positive (≥0.7)
- 0.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 120 | 1.8% | |
| -0.6 to -0.5 | 120 | 1.8% | |
| -0.5 to -0.4 | 349 | 5.1% | |
| -0.4 to -0.3 | 348 | 5.1% | |
| -0.3 to -0.2 | 638 | 9.4% | |
| -0.2 to -0.1 | 638 | 9.4% | |
| -0.1 to 0.0 | 776 | 11.4% | |
| 0.0 to 0.1 | 775 | 11.4% | |
| 0.1 to 0.2 | 592 | 8.7% | |
| 0.2 to 0.3 | 592 | 8.7% | |
| 0.3 to 0.4 | 583 | 8.6% | |
| 0.4 to 0.5 | 583 | 8.6% | |
| 0.5 to 0.6 | 312 | 4.6% | |
| 0.6 to 0.7 | 312 | 4.6% | |
| 0.7 to 0.8 | 24 | 0.4% | |
| 0.8 to 0.9 | 24 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PEBK?
Peoples Bancorp of North Carol (PEBK) has an average correlation of about 0.063 with other NASDAQ stocks, based on 6,799 pairwise observations.
Is PEBK positively correlated with other stocks?
Mostly yes — 55.8% of pairs are positive and 44.2% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for PEBK?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 59% of all pairs.
Explore the full interactive correlation distribution for PEBK.
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