PennyMac Financial Services, Inc. Common Stock (PFSI) Correlation Distribution
Across 6,809 rolling correlation observations between PennyMac Financial Services, Inc. Common Stock (PFSI) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.026, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.2% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,809
- Mean correlation
- -0.026
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 15.2%
- Sector
- Mortgage Bankers & Loan Correspondents
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 198 | 2.9% | |
| -0.8 to -0.7 | 197 | 2.9% | |
| -0.7 to -0.6 | 489 | 7.2% | |
| -0.6 to -0.5 | 489 | 7.2% | |
| -0.5 to -0.4 | 734 | 10.8% | |
| -0.4 to -0.3 | 733 | 10.8% | |
| -0.3 to -0.2 | 413 | 6.1% | |
| -0.2 to -0.1 | 412 | 6.1% | |
| -0.1 to 0.0 | 290 | 4.3% | |
| 0.0 to 0.1 | 290 | 4.3% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 234 | 3.4% | |
| 0.4 to 0.5 | 233 | 3.4% | |
| 0.5 to 0.6 | 280 | 4.1% | |
| 0.6 to 0.7 | 280 | 4.1% | |
| 0.7 to 0.8 | 409 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 214 | 3.1% |
Frequently asked questions
What is the average correlation of PFSI?
PennyMac Financial Services, Inc. Common Stock (PFSI) has an average correlation of about -0.026 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PFSI positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 15.2%.
What is the most common correlation range for PFSI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for PFSI.
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